Nigeria President Signs N2.17trn 2023 Supplementary Budget

Nigeria president had said the supplementary bill was necessary for additional palliative measures including wage awards.

President Bola Tinubu on Wednesday signed the 2023 Supplementary Budget N2.17trn at the Presidential Villa in Abuja.

Last Thursday, the Senate and the House of Representatives passed the N2.17trn 2023 supplementary appropriation bill after a third reading.

Before the passage of the bill, the Senate adopted the report of the harmonised sittings of both red and green chambers on the 2023 Supplementary Appropriation Bill as submitted by the Chairman of the Appropriations Committee, Senator Solomon Olamilekan Adeola (APC, Ogun West).

The bill expeditiously scaled readings in both upper and lower chambers as lawmakers said it was for the benefit of the country.

Tinubu had written the National Assembly seeking the approval of the sum of N2,176,791,286,033 as the 2023 supplementary budget to address labour wage adjustments, security, and more.

The President had also sent the 2024-2026 Medium Term Expenditure Framework (MTEF) & Fiscal Strategy Paper to both chambers of the National Assembly,

Recently, the Senate passed N819bn making provision for a N500bn palliative package.

Tinubu had said the supplementary bill was necessary for additional palliative measures including wage awards. The Federal Executive Council (FEC) chaired by the President on Monday approved the 2023 supplementary budget of N2.1 trillion.

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts

Politics

Nigeria President urges N’Assembly to amend social investment law for transparency

President Bola Tinubu, asked the National Assembly to amend the National Social Investment Programmes Agency Act 2023 to ensure transparency. The President’s request was contained in a letter transmitted to the House of Representatives and read by the Speaker, Tajudeen Abbas, during plenary. “The purpose of the bill is to make the national social register […]

Read More
Politics

Salary:Oyebanji approves N70,000 minimum wage for Ekiti workers

Ekiti State Governor, Biodun Oyebanji, on Tuesday, approved a new minimum wage of N70,000 for workers in the state. The approval followed the signing of a Memorandum of Understanding by the state government and leaders of organised labour in the state. A statement by the Special Adviser to the Governor on Media, Yinka Oyebode, stated […]

Read More
Politics

Ondo 2024: Senator Alli congratulates Gov. Aiyedatiwa on election victory

Senator Sharafadeen Alli (APC-Oyo South) has congratulated Gov. Lucky Orimisan Aiyedatiwa on his well-deserved victory in the just-concluded governorship election in Ondo State. This is contained in a statement signed by his Special Adviser on Media, Akeem Abas, and made available to newsmen on Monday in Ibadan. Senator Alli described the victory as a testament […]

Read More