2023: SENATE NORMALISES APPROVAL OF SUPLEMENTARY BUDGET
The senate in an emergency sitting this Monday has normalised the approval given last week on the supplementary budget of 2.176 trillion naira as requested by president Bola Ahmad Tinubu.
If we may recalled the senate last week expeditiously considered and approved the presidential request for a supplementary appropriation to the tune of 2.176 trillion naira
The red chamber this Monday follow the normal procedure to consider the report of the senate committee on appropriation on the issue and confirmed its approval at a committee of supply of the senate
In his submission the chairman senate committee on appropriation senator Adeola Olamelakon said the committee sat with the leadership of the relevant committees of the senate and the benefiting Ministeries and Agencies of Government for imput on the details provisions of the bill to ensure prudence and accountability
Based on that however, the chairman said the committee recommended the authorization of the issuance from the aggregated consolidated funds of the Federation the sum of 2.176 trillion for the ministeries and Agencies
The ministaries include the ministry of Defence, Agriculture and Food Security, Works, Housing and the Federal Capital territory administration.
Meanwhile the agencies are the Independent National Electiral Commission INEC , office of the National security adviser, police formation and command as well as the Department of state security service
Out of the total aggregated sum of 2.176 trillion naira, the Independent National Electoral Commission INEC will be given the sum of 18 billion naira while 1.33 trillion naira is for recurrent and none dept expenditure and 1.125 trillion naira is meant for contribution to the development fund and capital development expenditure for the year ending 2023.
Finally senator Adeola thanks all the leadership of the senate committees and the benefiting Ministeries and Agencies for their enomouse contribution during the exercise.
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