Abuja, Dec. 21, 2022 – President Muhammadu Buhari has sent a N819.5 billion Supplementary Appropriation Bill for 2023 to the National Assembly.
Femi Gbajabiamila, the Speaker of the House of Representatives, read the content of the cover letter on the bill to members on Wednesday.
Buhari said the additional demand for N819.536 billion for next year was due to the devastation caused by floods on farmlands and road infrastructure.
According to the President, Nigeria witnessed the “worst flood incidents in recent history, which has caused massive destruction of farmlands.
He said that the country now risked food insecurity, adding that the floods affected several roads and bridges across the 36 states of the federation.
The supplementary budget got to the federal parliament about 24 hours before the passage of the 2023 Appropriation Bill.
The president also transmitted the Finance Bill 2023 to the National Assembly on Tuesday. (GBN)
