BREAKING: Senate Approves N2.17trn Supplementary Appropriation Bill for 2023
2 min readPresident Bola Ahmed Tinubu, PBAT
The Senate of the Federal Republic of Nigeria, FRN, has passed the Supplementary Appropriation Bill to the tune of N2.17 trillion, for the 60 days remaining in the year 2023.
Recall that President Bola Ahmed Tinubu, PBAT, had written to the Senate requesting the approval of the sum of N2,176,791,286,033 as the 2023 supplementary budget.
The supplementary budget according to the presidency is to address among other things, the issue of labour wage adjustments, security, and other urgent state matters.
The passage of the bill was a sequel to the presentation, consideration, and approval of the report of the Senate Committee on Appropriation at plenary on Thursday, by the Chairman of the Committee, Sen. Solomon Olamilekan Adeola (APC-Ogun).
Adeola, in his presentation, said the committee received inputs from the leadership of the relevant sub-committees and heads of Ministries, Departments, and Agencies, MDAs, provided for in the supplementary bill.
He said the committee considered the detailed provisions of the bill and various inputs received from the heads of the benefiting MDAs and the leadership of the corresponding sub-committees in the Senate.
Sen. Adeola enumerated the approved supplementary budget breakdown as follows;
** N18billion, for statutory transfers only
** N1.33trilion for recurrent non-debt expenditure
** N1.125trillion for contribution to development fund for capital expenditures for the year ending 31st December 2023.
Below is the breakdown for sectoral allocations and MDAs:
** INEC, 18Billion
** Defense, N346.1billion
** Police formations and commands N29.6 billion
** Office of the National Security Adviser N39.6 billion.
** Federal Ministry of Agriculture and Food Security, N103 billion;
** Service wide vote, N515 billion
** State House N28 billion
** Ministry of defense, N200 billion
** Police formations and commands, N20.3 billion
** Office of the National Security Adviser, N10.3 billion ** Agriculture and Food security N97 billion
** Federal Ministry of Works, N300 billion
** Federal Capital Territory Administration, N100 billion
** Capital Supplementation N220.5 billion.
Also of note is the fact that the Presidency had sent the 2024-2026 Medium Term Expenditure Framework, (MTEF), and Fiscal Strategy Papers (FSP) to the Senate for consideration.
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