BREAKING: Senate Passes Supplementary Budget, Raises Buhari’s Proposal By N87bn

BREAKING: Senate Passes Supplementary Budget, Raises Buhari’s Proposal By N87bn
Nigerian Senate

On Wednesday, the Nigerian Senate passed the supplementary budget submitted to both chambers of the National Assembly two weeks ago by President Muhammadu Buhari.

Recall that Buhari had proposed N895.842,465,917bn as the supplementary budget for 2021 fiscal year.

Also Read: Buhari Asks NASS To Approve N895bn Supplementary Budget

However, the Senate Committee on Appropriation, in its report presented by the Chairman, Barau Jibrin, increased the budget size to N982,729,695,343.

The breakdown showed that 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 the 31st day of December, 2021.

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