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Reps approve N982.730bn supplementary budget

The House of Representatives has approved N982,72 billion naira as a Supplementary budget for the 2021 fiscal year.

The amount was N87 billion above the N895,842,465,917 proposal submitted by President Muhammadu Buhari on June 15.

The Chairman, House Committee on Appropriations, Muktar Betera, who presented the report, said N123,332,174,164 was for recurrent (non-debt) expenditure, while N859,397,521,179 was for contribution to the development fund for capital expenditure for the year ending on December 31, 2021.

He said all amounts appropriated under thime Supplementary Act shall be released from the Consolidated Revenue Fund of the Federation only for the purpose specified in the Schedule to the Act.

According to President Buhari’s letter, N895,842,465,917 was to fund the COVID-19 vaccine programme, health-related expenditures for the treatment of additional 50,000 patients under the Nigeria Comprehensive AIDS Program in states, as well as to procure additional equipment captured in the year’s capital expenditure on Defence and Security to tackle prevalent challenges across the country.

Ibrahim Shehu

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