The senate has passed a supplementary budget of N895 billion
for the year 2021.
The budget was passed on Wednesday after Jibrin Barau,
chairman of appropriation committee, presented a report during the plenary
session.
While presenting his report, Barau said his committee
engaged with Zainab Ahmed, minister of finance, and other stakeholders on the
request.
While N722 billion was earmarked for contribution to the
development fund, N173 was fixed for recurrent non-debt expenditure.
President Muhammadu Buhari asked the national assembly to
approve the supplementary budget request in June.
On June 9, the federal executive council approved the said
sum.
The budget is meant to boost military operations and
facilitate the procurement of COVID-19 vaccine.
After the supplementary budget was passed, Senate President
Ahmad Lawan said the relevant committees of the upper legislative chamber must
carry out oversight to ensure that the funds are properly utilised.
“Committees should be alive to know these funds are applied.
This is a very necessary intervention by this senate for the country,” Lawan
said.
“We have to continue to fund our security agencies even in
the 2022 appropriation bill to overcome these security challenges.”
Buhari had presented the initial 2021 budget proposal of
N13.08 trillion to a joint sitting of the national assembly on October 8, 2020.
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