Mr President, Bola Tinubu has written to the House of Representatives, seeking the approval of the sum of N2.1 trillion as the 2023 supplementary budget.
The President also sent the 2024-2026 Medium Term Expenditure Framework & Fiscal Strategy Paper to the House of Representatives for approval.
On Monday, the Federal Executive Council (FEC) approved the 2023 supplementary budget of N2.1 trillion to address labour wage adjustments, security and more.
After the FEC meeting in Abuja, the Minister of Budget and Economic Planning, Atiku Bagudu, said the budget is to fund the urgent issues listed above.
He also added that N605 billion out of the money will be used for national defence and security to sustain the gains made in security and to accelerate, and these are funds that the security agencies need before the year runs out.
