President Bola Tinubu on Wednesday signed the N2.17 trillion 2023 supplementary budget.
The signing of the Supplementary Appropriation proposal by the President followed its passage by both chambers of the National Assembly last week.
The proposal, which was approved by the National Assembly, has now effectively become a law, making it possible for the federal government to disburse the fund to projects and other areas of needs as contained in the budget.
A detail of the 2023 Supplementary budget indicated that, N1.010.802,015,985 is meant for Recurrent expenditure while N1.165,989,270,049 is for capital expenditure.
It would be recalled that the Senate on Monday convened an emergency plenary session to adopt the vote and proceedings of the last plenary held last Thursday as they related to the new fiscal proposal and other matters
Specifically, the emergency plenary was convened to gazette the confirmation of the ten resident electoral commissioners and passage of the 2023 supplementary budget for the President to sign it into law.
