Nigerian Senate approves N2.17 trillion 2023 supplementary budget

The Nigerian Senate has granted approval for the N2.17 trillion 2023 Supplementary Appropriation Bill, which was recently presented to it by President Bola Tinubu.

This decision came after both chambers held harmonized sessions on the bill and adopted the report as submitted by Senator Solomon Olamilekan Adeola, the Chairman of the Senate Committee on Appropriations representing APC Ogun West.

It’s noteworthy that President Bola Ahmed Tinubu’s administration had forwarded a N2.1 trillion budget to the National Assembly after receiving approval from the Federal Executive Council on Monday.

The supplementary budget includes several significant allocations, such as N210 billion for Civil Servants’ Wage Award, N605 billion for National Security and Defense, N300 billion for bridge maintenance, particularly the Eko Bridge, N400 billion for cash transfers to vulnerable households, N200 billion for seed and agricultural inputs and equipment, and N18 billion for the Independent National Electoral Commission to conduct off-season elections.