Posted by Samuel on Thu 02nd Nov, 2023 - tori.ng
President Bola Ahmed Tinubu’s administration submitted an N2.1 trillion budget to the National Assembly after the Federal Executive Council approval on Monday.
The N2.17 trillion 2023 Supplementary Appropriation Bill, recently sent to the Senate by President Bola Tinubu, has been passed by the Nigerian Senate.
The passage followed the adoption of the report of the harmonised sittings of both chambers on the bill as submitted by the Chairman of the Senate Committee on Appropriations, Senator Solomon Olamilekan Adeola (APC Ogun West).
Recall that President Bola Ahmed Tinubu’s administration submitted an N2.1 trillion budget to the National Assembly after the Federal Executive Council approval on Monday.
Key components of the budget include N210bn for Wage Award for Civil Servants, N605 billion for National Security and Defence, N300 billion for maintenance of bridges, especially the Eko bridge, and N400 billion for cash transfer to vulnerable households, N200 billion for seed and agricultural inputs and equipment and N18 billion for Independent National Electoral Commission to conduct off-season elections.