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Senate Passes N982.73Bn 2021 Supplementary Budget

The Senate has passed the 2021 Supplementary Budget totaling N982, 729,695,343.00

The passed supplementary budget represented an increase of N87billion of the request presented to the upper chamber of the National Assembly by President Muhammadu Buhari about two weeks.

The President had proposed N895,842,465,917.00 supplementary addition to the passed 2021 budget but the Senate increased it to N982,729,695,343.00 based on in its Committee on Appropriation’s report which was presented by the Chairman, Senator Jibrin Barau,

A breakdown of the supplementary budget showed that N123,332,174,164 is approved for recurrent (non-debt) expenditure while the sum of N859, 397,521,179 is for contribution to the development fund for capital expenditure.

Buhari had stated in his request to the Legislature for additional funds for the 2021 fiscal year that the amount was needed to fund the COVID-19 vaccine programme and health related expenditures for treatment of additional 50,000 patients under the Nigeria Comprehensive AIDS Programme in states.

He further stated that part of the money would be used to procure additional equipment captured in this year’s capital expenditure on defence and security to combat the increasingly worrisome security challenges in the country.

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