BREAKING: Nigerian senate ignores public outrage, passes N2.1trn supplementary budget

The Nigerian Senate has approved the N2.17 trillion 2023 Supplementary budget. The budget was passed despite concerns around the spending plan which contains provisions for acquisition of a presidential yacht and substantial amount for funding luxury vehicles for the office of the First Lady which is not constitutionally recognised. President Bola Ahmed Tinubu, had in […]

  General   Nov 2, 2023   0   45  Add to Reading List
BREAKING: Nigerian senate ignores public outrage, passes N2.1trn supplementary budget
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The Nigerian Senate has approved the N2.17 trillion 2023 Supplementary budget.

The budget was passed despite concerns around the spending plan which contains provisions for acquisition of a presidential yacht and substantial amount for funding luxury vehicles for the office of the First Lady which is not constitutionally recognised.

President Bola Ahmed Tinubu, had in a letter on Tuesday, urged the Senate to give the Supplementary Appropriation Bill 2023 expeditious consideration to enable the government embark on urgent national issues.

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The Senate led by Godswill Akpabio passed for bill after considering the harmonized report of the Senate and House Committee on Appropriation presented on the floor of the Senate on Thursday by chairman of the committee Solomon Adeola, Senator representing Ogun West.

The budget as approved by the Senate includes the widely criticized N5.09 billion allocated for a presidential yacht, N2.9 billion for sport utility vehicles for the Presidential Villa, and another N2.9 billion for the replacement of operational vehicles for the presidency.

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BREAKING: Nigerian senate ignores public outrage, passes N2.1trn supplementary budget

In summary, the budget includes N18 billion for statutory transfer, N992.8 billion for recurrent expenditure, and N1.16 trillion for development fund for capital expenditure.

This report is developing, more details will be shared on the Intel Region WhatsApp group as soon as possible.

WHATSAPP: Click HERE to join the iR News Room WhatsApp group to receive latest updates on your phone!

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