, N2.17 trillion supplementary budget scales second reading at House of Reps -

N2.17 trillion supplementary budget scales second reading at House of Reps

The House of Representatives passed the N2.17 trillion supplemental budget for 2023 on its second reading on Tuesday.

President Bola Tinubu sent the supplemental budget, which the House discussed and approved for a second reading.

In a letter to the House, President Tinubu requested approval for a supplemental budget of N2.17 trillion through December 2023.

The budget is N1.16 trillion for capital expenditures from the development fund, N992.8 billion for recurrent expenses, and N18 billion for statutory transfers.

FG and the Nigerian Labour Congress (NLC) have an agreement, and the government needs the money to fund it, according to Majority Leader of the House Julius Ihonvbere, who led the bill’s debate.

In order for employees to enjoy their end-of-year vacation, he pleaded with his colleagues to approve the bill.

The government is paying attention. The budget is arriving at a crucial juncture. In the end, he argued, governance is about individuals and having the guts to refocus society’s attention.

Ben Kalu, who supported the bill, stated that the nation’s roads require immediate attention and pointed out that the proposed budget included N1.17 trillion for the capital project.

The bill was unanimously approved and moved forward for a second reading after the discussion. After that, it was forwarded to the Committee on Appropriations.

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