The House of Representatives, on Wednesday, approved the sum of N982,729,695,343 as a Supplementary budget for the 2021 fiscal year.
The approved amount was N87 billion above the N895,842,465,917 budget proposal submitted by President Muhammadu Buhari via a letter dated June 15, 2021.
Chairman, House Committee on Appropriations, Hon Muktar Betara, who presented the report, disclosed that the initial supplementary budget submitted by Mr President was increased to N982,729,695,343.
According to him, the sum of N123,332,174,164 is for recurrent (non-debt) expenditure, while the sum of N859,397,521,179 is for contribution to the development fund for capital expenditure for the year ending on December 31, 2021.
According to him, all amounts appropriated under this Supplementary Act shall be released from the Consolidated Revenue Fund of the Federation only for the purpose specified in the Schedule to this Act.
According to President Buhari’s letter, the proposed N895,842,465,917 was to fund the COVID-19 vaccine programme, health-related expenditures for the treatment of additional 50,000 patients under the Nigeria Comprehensive AIDS Program in states, as well as to procure additional equipment captured in this year’s capital expenditure on Defence and Security to tackle prevalent security challenges across the country.
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The forward-as-received message attempts to direct readers to this website using a free URL shortener, bit.ly.Reps approve N982.730bn as supplementary budget
Reps approve N982.730bn as supplementary budget
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