Tinubu signs N2.17trillion 2023 supplementary budget


President Bola Tinubu on Wednesday has signed the 2023 Supplementary Budget N2.17trn at the Presidential Villa in Abuja.

The N2.17trn 2023 supplemental appropriations bill was enacted by the Senate and the House of Representatives last Thursday following a third reading.

Prior to the bill’s adoption, the Senate accepted the report from the red and green chambers’ synchronized sessions on the 2023 Supplementary Appropriations Bill, which was provided by Senator Solomon Olamilekan Adeola (APC, Ogun West), the chairman of the Appropriations Committee.

Legislators said the bill was for the sake of the nation, and it quickly passed both the upper and lower chambers.

In a letter to the National Assembly, Tinubu requested approval for the N2,176,791,286,033 supplemental budget for 2023, which would cover security, labor pay changes, and other issues.

Additionally, the President forwarded the Fiscal Strategy Paper and Medium Term Expenditure Framework (MTEF) for 2024–2026 to both houses of the National Assembly.

The Senate just approved a N819 billion bill that included a N500 billion palliative package.

Tinubu had stated that in order to implement more palliative measures, such as pay awards, the supplemental law was required. On Monday, the President-chaired Federal Executive Council (FEC) approved the N2.1 trillion 2023 supplemental budget.