The 2023 supplementary appropriation bill sent to the National Assembly on Tuesday, October 31, has passed a second reading in the House of Representatives.
The bill is to authorise the issuance from the Consolidated Revenue Fund of the Federation the total sum of N2,176,791,286,033 (two trillion, one hundred and seventy-six billion, seven hundred and ninety-one million, two hundred and eighty-six thousand, thirty-three naira) only.
Out of the money, N18,0000,000,000 (eighteen billion naira) is for Statutory Transfers, N992,802,015,985 (nine hundred and ninety-two billion, eight hundred and two million, fifteen thousand, nine hundred and eighty-five naira) for Recurrent (non-debt) expenditure while the sum of N1,165,989,270,049} (one trillion, one hundred and sixty-five billion, nine hundred and eighty-nine million, two hundred and seventy thousand, forty-nine naira) is for contribution to the Development Fund for Capital Expenditure for the year ending on 31 December 2023.
Also, N210bn is for wage awards for civil servants, N400bn For Cash transfers to vulnerable households, N200bn For Seed And Agricultural Inputs And equipment, and N100bn for Projects In the FCTA.
It also includes N604bn for National Security and Defence, N300bn for the maintenance of bridges across Nigeria, N8bn for the Ministry of Marine And Blue Economy and other new Ministries and N18bn for the conduct of off-cycle governorship elections In Kogi, Bayelsa, and Imo.
The Ministry of Defence gets the highest allocation of N476. 543 billion, followed by the Ministry of Works with N300 billion, the Ministry of Agriculture and Food Security allocated N200 billion, the Ministry of Housing hot N100 billion, FCTA hot N100 billion, Police Formations and Command hot N50 billion.
However, the Service Wide Votes were allocated N615 billion, the state House got N28 billion, while capital supplementation got N210 billion.
Lawmakers took turns to commend the president for presenting the supplementary budget in consideration of the yearning of the Nigerian people.
