NASS passes N2.17trn 2023 supplementary budget

The National Assembly, on Thursday, November 2, 2023, passed the N2.17 trillion 2023 supplementary budget after third reading.

Before the passage of the budget, the Senate adopted the report of the harmonised sittings of both the Senate and the House of Representatives on the 2023 Supplementary Appropriation Bill as submitted by Chairman of the Appropriations Committee, Senator Solomon Olamilekan Adeola (APC Ogun West).

The bill scaled readings in the Senate and House of Representatives as lawmakers said it is for the benefit of the country.

President Bola Tinubu had written the National Assembly seeking the approval of the sum of N2,176,791,286,033 as 2023 supplementary budget to address labour wage adjustments, security, and other urgent issues.

Tinubu also sent the 2024-2026 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) to the Senate for consideration.

Adeola, in his presentation, said the committee received inputs from the leadership of the relevant sub-committee and heads of MDAs provided for in the supplementary bill.

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He said the committee considered the detailed provisions of the bill and inputs received from the heads of the benefiting MDAs and the leadership of the corresponding sub-committee in the senate.

Adeola gave breakdown of the approval as follows: N18billion is for statutory transfers only,N1.33trilion for recurrent non-debt expenditure, while N1.125trillion only is for contribution to development fund for capital expenditures for the year ending December 31,2023.

A breakdown of sectoral allocations and MDAs is as follows: INEC, 18Billion; Defence, N346.1billion; police formations and commands, N29.6 billion; and Office of the National Security Adviser, N39.6 billion.

Others are Federal Ministry of Agriculture and Food Security, N103 billion; Service wide vote ,N515 billion; State House N28 billion; Ministry of defence, N200 billion; and police formations and commands, N20.3 billion

Others are Office of the National Security Adviser, N10.3 billion; Federal Ministry of Agriculture and Food security N97 billion; Federal Ministry of Works, N300 billion; Federal Capital Territory Administration, N100 billion; and Capital Supplementation, N220.5 billion.

The Star