Abuja, Oct. 31, 2023 – President Bola Tinubu has sent the N2.177 trillion Supplementary Budget to the House of Representatives for consideration and approval.
The President also sent the 2024-2026 Medium Term Expenditure Framework & Fiscal Strategy Paper to the House.
On Monday, the Federal Executive Council (FEC) approved the 2023 supplementary budget of N2.1 trillion.
Atiku Bagudu, the Minister of Budget and Economic Planning, had told journalists at the State House on Monday that the supplementary budget was to fund urgent issues of security and wage awards.
“The council considered a request for supplementary appropriation which is a second for 2023.
“And graciously approved, the sum of N2,176,791,286,033 as supplementary budget is to fund urgent issues including N605 billion for national defence and security.
“This is to sustain the gains made in security and to accelerate and these are funds that are needed by the security agencies before the year runs out.” (GBN)
