President Tinubu Signs Nigeria's 2023 Supplementary Budget Of N2.17 trn - EDU-BIZNEWS


Wednesday, November 8, 2023

President Tinubu Signs Nigeria's 2023 Supplementary Budget Of N2.17 trn

President Bola Almed Tinubu has signed Nigeria's 2023 Supplementary Budget of N2.17trillion into law at the Presidential Villa in Abuja.

Tinubu in the presence of the Senate's  President, Godswill Akpabio as well as Speaker of House of Representatives, Right Honourable, Tajudeen Abass and Secretary to Government of Federation, Sen. George Akume signed the supplementary Budget on Wednesday less than a week when the Appropriation bill was transmitted to his office 

Edu-Biznews recalled that both the Senate and the House of Representatives had last Thursday passed the N2.17trn 2023supplementary appropriation bill after a third reading.

Before the passage of the bill, the Senate adopted the report of the harmonised sittings of both red and green chambers on the 2023 Supplementary Appropriation Bill as submitted by the Chairman of the Appropriations Committee, Senator Solomon Olamilekan Adeola (APC, Ogun West).

The bill expeditiously scaled readings in both upper and lower chambers as lawmakers said it was for the benefit of the country.

Tinubu had written the National Assembly seeking the approval of the sum of N2,176,791,286,033 as the 2023 supplementary budget to address labour wage adjustments, security, and more.

The President had also sent the 2024-2026 Medium Term Expenditure Framework (MTEF) & Fiscal Strategy Paper to both chambers of the National Assembly,

Recently, the Senate passed N819bn making provision for a N500bn palliative package.

Tinubu had said the supplementary bill was necessary for additional palliative measures including wage awards. 

The Federal Executive Council (FEC) chaired by the President on Monday approved the 2023 supplementary budget of N2.1 trillion.

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