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BREAKING: Nigerian Senate Passes Tinubu’s N2.18 Trillion Supplementary Budget for 2023

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ABUJA, Nigeria – In an expedited legislative action, the Nigerian Senate has passed the N2.18 trillion 2023 Supplementary Appropriation Bill, which was presented for consideration by President Bola Tinubu.

Following the president’s request, the Senate, showing prompt diligence, proceeded with the bill during plenary on Tuesday, November 2, 2023.

On Thursday, the Senate confirmed their approval of the budget as the Chairman of the Senate Committee on Appropriations, Solomon Adeola, presented the report in the chamber, solidifying the swift legislative response to the President’s submission.

The Senate Committee on Appropriations had conducted a session with various ministers overseeing the agencies included in the supplementary budget.

The committee’s session, which took place on Wednesday, involved the Minister of Works, David Umahi; the Minister of Housing, Ahmed Dangiwa; the Minister of Agriculture and Food Security, Senator Abubakar Kyari; and the Minister of State for Defence, Hon Bello Matawale, along with Service Chiefs.

The rapid passage of the supplementary budget underscores the Senate’s commitment to addressing the nation’s fiscal needs and aligning with the executive arm’s financial strategies for the year.

The specifics of the supplementary appropriations and their allocations across different ministries and agencies are anticipated to be disclosed in subsequent reports.

This legislative milestone follows President Tinubu’s push for an enhanced budget to cater to the critical sectors of the economy, showcasing a concerted effort between the Nigerian legislative and executive branches to bolster national development and economic stability.

Further details on the implications and distribution of the supplementary budget are expected to emerge as the Senate provides more comprehensive information on the appropriations.

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