Tag: Supplementary Appropriation Bill

‘Nigeria’s proposal to run 4 Budgets simultaneously an anomaly’ – BudgIT

Aminu Imam
BudgIT

A leading civic-tech organisation promoting transparency, accountability and effective service delivery in Nigeria, BudgIT, has decried the proposed elongation of the implementation period for the 2023 Approved Budget and 2023 Supplementary Budget from the proposed termination date of December 31, 2023, to December 31, 2024, noting that it is an anomaly. Recall that the 2023 Approved Budget of N21.83 trillion, signed into law by President Muhammadu Buhari in January 2023, was designed to run for 12 calendar months from January to December, as is the practice globally. In addition, while…

Read More

NASS extends implementation of 2023 Supplementary Budget to Dec 31

Aminu Imam
NASS on Suppl Budget

The National Assembly has extended the life cycle of the 2023 Supplementary Budget from June 30 to December 31, 2024. The Red Chamber yesterday suspended all its rules and gave an expeditious passage to a Bill seeking the extension in less than 20 minutes. The House of Representatives also yesterday, passed the 2023 Appropriation Act (Amendment) Bill 2024. The legislative chamber voted in support of all the clauses contained in the two Bills. Earlier before the passage of the Bill, the lawmakers went into a closed-door session for two hours.…

Read More

“Senate to receive N6.6tr Supplementary Budget from Tinubu” – Spokesman

Aminu Imam
Senate on Supplementary Budget

The 10th Senate spokesperson, Yemi Adaramodu, has revealed that the Bola Tinubu-led government is finalising a N6.6 trillion supplementary Budget, which will be submitted to the National Assembly following its resumption on July 2. According to him, the proposed Supplementary Budget aims to fund several key transformational projects across the country. Among the highlighted projects are the Lagos-Calabar Coastal Road and the proposed Sokoto-Badagry Road. He further stated that the Budget will allocate funds for the completion of all ongoing railway projects that currently lack counterpart funding. ”Furthermore, the supplementary…

Read More

Nigerians lament, as Tinubu signs controversial Yacht, SUVs Bills

Aminu Imam

Amid the growing economic disparity, Nigerians have continued to struggle for survival, as President Bola Ahmed Tinubu approved a supplementary budget earmarking millions of dollars for a presidential yacht and Sport Utility Vehicles (SUVs) for his wife and top government officials. It had earlier been reported that President Tinubu on Wednesday signed into law the budget that allocates $38 million for the presidential air fleet and other renovations. The $6.1 million that had been allocated for the boat earlier was redirected by lawmakers to “student loans” a move that was approved…

Read More

Supplementary Budget: FG slams Obi over comment

Aminu Imam

The Federal Government yesterday, slammed the comment credited to the presidential candidate of the Labour Party (LP) in the February 25 election, Peter Obi, on the recently signed supplementary budget, saying Obi’s comment was insensitive to the citizens, noting that it is a “bold and pragmatic response” to national pressing issues. Recall that the former Anambra State governor had on Wednesday, via a post on his X handle, lamented that the supplementary budget failed to capture “urgent items of national welfare,” despite being signed by President Bola Tinubu at a…

Read More

Tinubu signs N2.17tr 2023 supplementary budget into law

Aminu Imam

President Bola Ahmed Tinubu yesterday, signed into law, the 2023 N2.17trillion supplementary budget, following its passage last Thursday by the National Assembly. Recall that following the adoption of a report by the Appropriations Committee, presented by the chairman, Senator Adeola Olamilekan during plenary, the Senate last Thursday approved the supplementary Appropriation Bill transmitted to the parliament by President the previous Tuesday. A detail of the 2023 Supplementary budget indicated that, N1.010.802, 015,985 was for Recurrent expenditure while N1.165, 989,270,049 was for Capital expenditure”. Providing a breakdown of the supplementary budget,…

Read More

‘Presidential yacht delivered before public outcry’ – Ndume

Aminu Imam

Chief Whip of the Senate, Ali Ndume, has revealed that the deal for the presidential yacht, which is included in the 2023 Supplementary budget just approved by the Senate, has been both signed and delivered. However, the payment for the yacht has not yet been processed, and this is the reason behind the inclusion of the N5 billion amount in the supplementary budget, he stated in an interview during a television programme yesterday. According to hin, “The deal has been signed and delivered, but not paid; and that’s what brought…

Read More

Senate approves N2.17tr 2023 supplementary budget

Aminu Imam

The Senate has approved President Bola Tinubu’s N2.3 trillion supplementary budget for the 2023 fiscal year. Senate President, Godswill Akpabio, announced the approval yesterday, after putting the report to a voice vote by Senators after a third reading. This was a sequel to the adoption and debate of the report of the Senate Committee on Appropriations during yesterday’s plenary. Chairman of the Senate Committee on Appropriations, Adeola Olamilekan, had laid the committee’s report, which was adopted and debated before Akpabio, put it to voice vote and the Senators across party…

Read More

Supplementary Budget: “Tinubu didn’t ask for presidential yacht”, Says aide

Aminu Imam

…Lawmakers remove item President Bola Ahmed Tinubu has said that he did not request for the N5 billion presidential yacht proposed by the Nigerian Navy. Tinubu stated this while speaking through his spokesperson, Tope Ajayi, yesterday. Recall that there has been outrage since details of the N2.1 trillion supplementary budget Tinubu submitted to the National Assembly were published. According to a report, Ajayi said he doubted if his principal needed one to perform the functions of his office. “It is important to state clearly that President Bola Tinubu didn’t ask…

Read More

Supplementary Budget: Tinubu sends N2.1tr 2023 approval request to H/Reps.

Aminu Imam

President Bola Tinubu has written the House of Representatives seeking the approval of the sum of N2, 176,791,286,033 as 2023 Supplementary Budget to address labour wage adjustments, security and more. The President also sent the 2024-2026 Medium-Term Expenditure Framework & Fiscal Strategy Paper to the House of Representatives. Recall that on Monday, the Federal Executive Council (FEC) approved the 2023 supplementary Budget of N2.1 trillion. While speaking after the FEC meeting in Abuja, the Minister of Budget and Economic Planning, Atiku Bagudu, said the Budget is to fund urgent issues.…

Read More