Tuesday, July 27, 2021

Buhari Asks National Assembly To Approve N895 Billion Supplementary Budget

President Muhammadu Buhari has asked the national assembly to approve a supplementary budget of N895 billion.

The Senate President Ahmad Lawan  read Buhari’s letter of request on the floor at plenary on Tuesday.

On June 9, the federal executive council approved the said sum.

The budget is meant to boost military operations and for the purchase of COVID-19 vaccine.

On December 31, 2020, Buhari signed the 2021 appropriation bill of N13.59 trillion into law.

Buhari had presented the initial 2021 budget proposal of N13.08 trillion to a joint sitting of the national assembly on October 8.

Speaking after FEC approved the sum, Zainab Ahmed, finance minister, said there is an urgent need for the procurement of vaccines.

“Having noted the need for the urgent procurement of vaccines and also the need for funding, to ensure that Nigeria is able to meet its commitment under the Nigerian Comprehensive AIDS programme, as well as the urgent need to specifically enhance the capacity of our military and para military agencies to tackle the various security challenges that we currently have in the country,” she had said.

“The council on that note approved the 2021 supplementary appropriation bill, in an aggregate expenditure of N895,842,462,917.”

We would like to keep you updated with special notifications.