By Goodluck Ikiebe in Abuja.
President Bola Tinubu has signed the 2023 Supplementary Budget of N2.17trn into law at the Presidential Villa in Abuja.
Our correspondent recalls that the Senate and the House of Representatives, Last Thursday, passed the N2.17trilkion 2023 supplementary appropriation bill,after a third reading.
Before the passage of the bill, the Senate adopted the report of the harmonised sittings of both the 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 N819billion, making provision for a N500 billion palliative package.
Tinubu had said that 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.
Edited by Dada Ahmed.
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