Senate passes supplementary budget of N982.7bn

Supplementary budget increased by N87bn

The Senate has passed N982.87 billion supplementary budget submitted to both chambers of the National Assembly two weeks ago by President Muhammadu Buhari indicating an N87 billion increase in the size of the budget.

The Senate Committee on Appropriation, in its report presented by the Chairman, Barau Jibrin, increased the budget size to N982,729,695,343 from the proposed N895.842,465,917 billion.

The breakdown showed that N123,332,174,164 is for recurrent (non-debt) expenditure, while the sum of N859, 397,521,179 is for contribution to the development fund for capital expenditure for the year ending on the 31st day of December 2021.

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Buhari had explained that the proposed amount would be used to fund the COVID-19 vaccine programme and health-related expenditures for treatment of additional 50,000 patients under the Nigeria Comprehensive AIDS Programme in states.

He had also said that part of the money would be used to procure additional equipment captured in this year’s capital expenditure on Defence and Security to tackle prevalent security challenges across the country.

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