Nigeria’s Senate Passes N895.8bn Supplementary Budget Into Law

Nigeria’s Senate on Wednesday passed into law a supplementary budget of N895 billion of which N173 billion is for recurrent expenditure and N722 billion will be for contribution to a development fund for capital expenditure for the year ending 31st December 2021.

This supplementary budget is intended to equip the military in fighting insurgency, covid 19 vaccination, and also funding for the management of HIV.

Its passage comes after a satisfactory report by Senator Jibrin Barau, Senate Committee Chairman on Appropriation, where he explained that the supplementary budget would augment the efforts of various government agencies to discharge their responsibilities.

Senator Barau further noted that security agencies will be able to procure arms and equipment as they continue to contain the security threats posed in various regions of the country.

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