President Bola Tinubu on Wednesday signed the two point one-seven-six trillion naira (N2.176 trillion) Supplementary Appropriation Act on Wednesday in Abuja to strengthen Nigeria’s security architecture and address the critical infrastructure deficit, amongst other considerations.
According to a statement by the presidential spokesperson, Ajuri Ngelale, the president signed the Supplementary Appropriation Act, 2023, in his office at the State House in the presence of Senate President Godswill Akpabio and the Speaker of the House of Representatives, Tajudeen Abbas.
Providing a breakdown of the supplementary budget, the Minister of Budget and Economic Planning, Abubakar Bagudu, said the newly approved expenditure for defence and security consists of about thirty percent, while thirty percent is dedicated to the provision of critical infrastructure to be allocated to the Federal Ministries of Works, the Federal Capital Territory, and Housing & Urban Development.
The minister further explained that thirty-two per cent of the supplementary budget was allocated to the new Wage Award for treasury-paid federal workers to cushion the effect of the removal of fuel subsidy, in addition to cash transfers to vulnerable persons, and support to the Independent National Electoral Commission (INEC), amongst other considerations.
Premium Times reported that President Tinubu commended the National Assembly for its expeditious consideration and approval, assuring Nigerians that the executive arm of government would ensure the judicious use of the budgeted resources.
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