The 2023 Supplementary Appropriation Bill received a swift second reading in the House of Representatives on Tuesday, with members claiming it is for the interest of the country.
President Bola Tinubu had written to the House requesting approval of N2,176,791,286,033 as a 2023 supplementary budget to address labour wage adjustments, security, and other issues.
The President also sent the House of Representatives the Medium-Term Expenditure Framework and Fiscal Strategy Paper for 2024-2026.
The Federal Executive Council (FEC) approved the N2.1 trillion supplementary budget for 2023 on Monday.
Atiku Bagudu, Minister of Budget and Economic Planning, stated after the FEC meeting in Abuja that the budget is to fund pressing concerns.
“The council considered a request for supplementary appropriation which is a second for 2023,” he said at the State House in Abuja.
“And graciously approved the sum of N2,176,791,286,033 as supplementary budget and this 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.”