Senate passes N2.1tr supplementary budget

Date:

Must Read

2027: I never declared intention to contest for presidency – Baba-Ahmed

The Labour Party’s vice-presidential candidate in the 2023 general...

ADC begins constitution review ahead of 2027 elections

The African Democratic Congress (ADC) has intensified preparations for...

Imo ADC records major boost as Ihedioha leads  wave of defections, raises ₦200m

The African Democratic Congress (ADC) in Imo State on...

ADC appoint Imam, Yesufu to lead nationwide membership revalidation, mobilisation

The African Democratic Congress (ADC) has appointed former two-time...

Jonathan still PDP member, offers boost as party gears up for elections – Turaki

The National Chairman of the Peoples Democratic Party (PDP),...

The Senate on Thursday considered and approved the N2.1 trillion supplementary budget for the 2023 fiscal year as requested by the executive.

President Bola Tinubu had made the request to cater for sundry items in a letter sent to the Senate a few days ago.

The Chairman of the Senate Committee on Appropriations, Adeola Olamilekan, laid the committee’s report for debate and adoption.

After a short consideration, Senate President Godswill Akpabio put the bill to a voice vote and it was unanimously adopted by all senators present.

Akpabio announced that the budget has been approved for execution by the president.

The president had in his letter requested a speedy consideration of the bill to support the provisional wage of N35,000 to workers, which he said would cost the federal government N210 billion and N400 billion as cash transfers to vulnerable Nigerians.

Tinubu explained that the supplementary budget would also shore up the country’s security and agricultural sectors.

He also informed the lawmakers that the budget would also be used to fund the forthcoming elections in Kogi, Bayelsa, and Imo states respectively.

spot_imgspot_imgspot_img

Latest News

logo-nn-news-small
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.