Sunday, June 1, 2025
  • Share your story
  • About
  • Contact
Economy FootPrint
  • Home
  • News & Politics
  • Opinion
  • Finance & Economy
  • Aviation
  • Editorial
  • Transport & Blue Economy
  • Features | Analysis
  • Health | Environment
Economy FootPrint
Home Finance | Insurance | Pension

Tinubu Signs N2.1trn Supplementary Budget

EconomyFoot Print by EconomyFoot Print
November 8, 2023
in Finance | Insurance | Pension, Top News
Reading Time: 1 min read
0
Share on FacebookShare on Twitter

President Bola Tinubu signed the N2.176 trillion Supplementary Appropriation Act on Wednesday in Abuja to strengthen Nigeria’s security architecture and address Nigeria’s critical infrastructure deficit, amongst other considerations.
The President signed the Supplementary Appropriation Act, 2023, in his office at the State House in the presence of Senate President Godswill Akpabio; Speaker of the House of Representatives, Rt. Hon. Tajudeen Abbas; Secretary to the Government of the Federation, Sen. George Akume; Majority Leader of the Senate, Opeyemi Bamidele; the Chairmen of the Appropriation Committees in the Senate, Sen. Olamilekan Adeola, and the House of Representatives, Hon. Abubakar Bichi, as well as the Chairman of the Federal Inland Revenue Service (FIRS), Mr. Zacch Adedeji.
Providing a breakdown of the supplementary budget, the Minister of Budget and Economic Planning, Sen. Abubakar Bagudu, said the newly approved expenditure for defence and security consists of about thirty percent, while thirty-five percent is dedicated to the provision of critical infrastructure to be allocated to the Federal Ministries of Works, the Federal Capital Territory, and Housing & Urban Development.
The Minister further explained that thirty-two percent of the supplementary budget was allocated to the new Wage Award for treasury-paid federal workers to cushion the effect of the removal of fuel subsidy, in addition to cash transfers to vulnerable persons, and support to the Independent National Electoral Commission (INEC), amongst other considerations.
President Tinubu commended the National Assembly for its expeditious consideration and approval, assuring Nigerians that the executive arm of government would ensure the judicious use of the budgeted resources.
Chief Ajuri Ngelale Special Adviser to the President
(Media & Publicity)

Related posts

Qatar Airways Dedicates Special UEFA Champions League Livery to Bring PSG Home

Qatar Airways Dedicates Special UEFA Champions League Livery to Bring PSG Home

June 1, 2025
OPFY: Our Non-Kinetic Operations Secured Release Of Over 100 Kidnapped Victims – General Opurum

OPFY: Our Non-Kinetic Operations Secured Release Of Over 100 Kidnapped Victims – General Opurum

May 31, 2025
Previous Post

All Naira Notes Remain Legal Tender – CBN

Next Post

Tweaking CBN Act, NASS Must Tread with Caution

Next Post

Tweaking CBN Act, NASS Must Tread with Caution

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

NiMet predicts thunderstorms in Kaduna, Kebbi, Sokoto, others

3 years ago

WANTAREGH PAUL UNONGO WAS A TRUE PATRIOT – ORTOM

6 months ago

STI pays N1.5bn genuine claims in H1, 2022

3 years ago

Corp Members Will Soon Enjoy Increased Allowance – DG

9 months ago

FOLLOW US

  • 86.2k Followers

BROWSE BY CATEGORIES

  • Aviation
  • Brands
  • Crime
  • Editorial
  • Features | Analysis
  • Finance | Insurance | Pension
  • Health | Environment
  • Industry | Trade | Commerce
  • International
  • Interview | Profile
  • News
  • Opinion
  • Politics
  • Small Business
  • Sports
  • Top News
  • Transport & Blue Economy
  • Uncategorized

BROWSE BY TOPICS

2023 Benue Budget Abuja-Kaduna Rail Access Corporation Access pension airports concession Aviation Ayu Benue Budget Benue Community Buhari Business CBN Central Bank Dana Air Economy FGPL Herdsmen Herdsmen attacks insecurity insurance Maritime Min of Transport MSMEs NAICOM NCAA Nigeria Nigeria -Cameroon Border Post Nigeria Air NRac Onne Port ooh Orrom Ortom PDP PenCom pension Railway Sambo Jaji Transcorp Transcorp Group Transcorp Hotels Plc UBA Ukohol Wike Wildon Ideva

BROWSE BY CATEGORIES

  • Aviation
  • Brands
  • Crime
  • Editorial
  • Features | Analysis
  • Finance | Insurance | Pension
  • Health | Environment
  • Industry | Trade | Commerce
  • International
  • Interview | Profile
  • News
  • Opinion
  • Politics
  • Small Business
  • Sports
  • Top News
  • Transport & Blue Economy
  • Uncategorized

Economy Footprint

The EconomyFootprint is published by Ideas Tent Communications Ltd®. All Rights Reserved.

Follow us on social media:

Recent News

  • Qatar Airways Dedicates Special UEFA Champions League Livery to Bring PSG Home
  • Operation Whirlwind Strikes Smugglers, Auctions Seized PMS at Subsidised Rate
  • How Support From Military High Command Help Troops To Tackle Lakurawa, bandits – Col Umar

Category

  • Aviation
  • Brands
  • Crime
  • Editorial
  • Features | Analysis
  • Finance | Insurance | Pension
  • Health | Environment
  • Industry | Trade | Commerce
  • International
  • Interview | Profile
  • News
  • Opinion
  • Politics
  • Small Business
  • Sports
  • Top News
  • Transport & Blue Economy
  • Uncategorized

Recent News

Qatar Airways Dedicates Special UEFA Champions League Livery to Bring PSG Home

Qatar Airways Dedicates Special UEFA Champions League Livery to Bring PSG Home

June 1, 2025
Operation Whirlwind Strikes Smugglers, Auctions Seized PMS at Subsidised Rate

Operation Whirlwind Strikes Smugglers, Auctions Seized PMS at Subsidised Rate

June 1, 2025
No Result
View All Result
  • Home
  • Politics
  • News
  • Sports
  • Opinion