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BREAKING: Items Topping Tinubu’s 2023 Supplementary Budget Proposal Will Stun Nigerians (LIST)
BREAKING: Items Topping Tinubu’s 2023 Supplementary Budget Proposal Will Stun Nigerians (LIST)
President Bola Tinubu submitted a 2023 supplementary budget proposal of N2.176tn to the House of Representatives on Tuesday, with a primary emphasis on the security of Nigerians and their property.
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The defense sector received the highest allocation of N476.543bn, reflecting the pressing need to address the activities of bandits and other criminal elements in the country over the past decade.
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It’s important to note that this proposal is subject to approval by the National Assembly.
President Tinubu’s commitment to ensuring safety throughout Nigeria is evident in the substantial allocation for defending the nation’s territorial integrity.
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Additionally, the allocation for Works was set at N300bn, while the Ministry of Agriculture and Food Security received N200bn.
Housing was allocated N100 billion, and the Federal Capital Territory Administration received N100bn. Police Commands and Allocation were granted N50 billion. The supplementary appropriation bill also includes allocations for Service Wide Votes (N615 billion), capital supplementation (N210bn), and State House (N28bn).
Other allocations in the bill encompass the Department of State Services (N49 bn), Office of the National Security Adviser (N29.7 bn), and the Independent National Electoral Commission (N18bn) for the conduct of off-cycle governorship elections in Bayelsa, Kogi, and Imo States on November 11.
In a letter addressed to the House and read by the Speaker, Abbas Tajudeen, Tinubu said, “You will recall that the National Assembly recently passed, and I signed, a Supplementary Appropriation Act 2023 for a total of NGN819,500,000,000.00 (Eight Hundred and Nineteen Billion Five Hundred Million Naira) which, among other things, made provision for a recent critical economic policy decisions of the Federal Government.
“It has, however, become necessary to make further provision for additional palliative measures, including the wage award for public servants and the enhanced cash transfer program which is intended to benefit the most vulnerable members of our society.
“In addition, critical defense expenditures are also urgently required to provide for peace and the security of lives and property without which the government’s economic growth agenda cannot be achieved.
“Similarly, critical investments are also required to construct much needed infrastructure, particularly roads which projects must be commenced within the (dry season) period between now and the end of the year.
“Accordingly, another Supplementary Appropriation Bill for 2023 to cater for the expenditures identified above, totalling NGN2,176,791,256,033.00 (Two trillion, one hundred and seventy six billion, seven hundred and ninety one million, two hundred and fifty six thousand and thirty three naira) is hereby forwarded for the consideration of the National Assembly.”
The supplementary appropriation bill passed second reading at a plenary session on Tuesday as the House through its Committees on Appropriation is expected to make its input preparatory to approval during the week or early next week.
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