Nigerian Senate Approves President Tinubu’s N2.17 Trillion Supplementary Budget Request
In a significant development, the Nigerian Senate has given its nod to President Bola Tinubu’s request for a supplementary budget of N2.17 trillion for the year 2023.
This approval came following the successful passage of the Appropriation Bill, which secured a third reading during a recent plenary session in the Senate.
Senate’s Seal of Approval
The Senate, in a show of legislative support, granted its approval for the supplementary budget request presented by President Tinubu. The bill passed its third reading in the Senate, marking a crucial step in the budgetary process.
Awaiting Detailed Breakdown
While the Senate has provided its approval for the supplementary budget, detailed information and breakdowns regarding the allocation of funds and budget priorities are expected to follow.
The approval signifies a crucial milestone in the budgetary process, which will have various implications for Nigeria’s financial landscape.
What the Supplementary Budget Entails
The approved supplementary budget, totaling N2.17 trillion, is a significant financial measure aimed at addressing various fiscal needs and priorities.
The specific allocations and utilization of this supplementary budget will be further disclosed in the near future.
A Momentous Development for Nigeria
The Senate’s approval of the supplementary budget request is viewed as a significant step in managing Nigeria’s finances and addressing pressing issues.
As more details about the budget’s content become available, it will provide valuable insights into the government’s fiscal priorities for the year 2023.
Stay Tuned for More Information
The supplementary budget’s approval signals a pivotal development in Nigeria’s financial landscape.
More comprehensive details and analysis of the budget’s content will be provided in subsequent reports, shedding light on how the additional funds will be allocated and utilized for the benefit of the nation.
Read More On The Topic On TDPel Media
Related posts:
President Tinubu Proposes N2 Trillion Supplementary Budget in FEC Meeting Nigerian News Roundup for Tuesday, 31st October 2023 President Tinubu to Present N2 Trillion Supplementary Budget to National Assembly President Bola Tinubu is set to...
House of Representatives Spokesperson Reveals Reasons for Swift Approval of Two Trillion Supplementary Budget Reasons for Swift Supplementary Budget Approval Akin Rotimi, the spokesperson for the House of Representatives, recently provided insights into why the National Assembly quickly gave...
UAE aims to increase size of economy from AED1.4 trillion to AED3 trillion by 2030: Abdullah Al Marri UAE aims to increase size of economy from AED1. 4 trillion to AED3 trillion by 2030: Abdullah Al Marri SHARJAH, 24th February, 2022 – Abdullah...
Buhari seeks Senate’s approval of 2021 Supplementary Budget of N895.8bn The post Buhari seeks Senate’s approval of 2021 Supplementary Budget of N895.8bn appeared first on TDPel News – News, Interviews, Events. The Senate on Tuesday...
Senate Chief Whip Explains Swift Approval of 2023 Supplementary Budget Speedy Passage for National Interest: S enator Ali Ndume, Vice Chairman of the Senate Committee on Appropriation, clarified that the National Assembly approved the budget...
Supplementary Budget: President Buhari seeks additional N2.557trn for fuel subsidy President Muhammadu Buhari has requested for amendment to the 2022 Appropriation Bill passed last December by the National Assembly, proposing additional N2. 557trillion as fund...
Presidential Villa Hosts Signing of 2023 Supplementary Budget by President Tinubu President Bola Ahmed Tinubu has taken a significant step by signing the 2023 supplementary budget into law. The signing ceremony took place at the Presidential...
President Tinubu Greenlights ₦35,000 Monthly Wage Increase for Federal Civil Servants Presidential Approval President Bola Ahmed Tinubu has granted his approval for a substantial wage increase for Federal civil servants. The announcement, outlined in a memo...
Budget 2022 Live Updates: Oppn slams it as ‘Pegasus spin budget’, ‘zero-sum budget’; PM hails it as ‘people-friendly’ That’s obviously on the behest of very rich people of the country. Instead of RBI, FM has virtually announced that Cryptocurrency is legal from today....
FCT’s Fiscal Ambitions: N1 Trillion Budget Proposal Unveiled for 2024 Anticipated Surge: FCT Eyes N1 Trillion Budget for 2024 Budget Projection Unveiled: The Federal Capital Territory (FCT) could witness a significant boost in its budget...
