Tinubu Sends Letter to Reps, Seeks Approval for N2.1 Trillion 2023 Supplementary Budget

President Bola Ahmed Tinubu has written a letter to the House of Representatives requesting the approval of a supplementary budget amounting to N2.1 trillion.

In addition, the President has also submitted the 2024-2026 Medium Term Expenditure Framework & Fiscal Strategy Paper to the House of Representatives.

This action comes after the Federal Executive Council’s endorsement on Monday of N2.1 trillion for labor wage adjustments, security, and other national challenges.

In a previous meeting of the Federal Executive Council, the Minister of Budget and Economic Planning, Atiku Bagudu, emphasized the urgent funding needs that the budget would address.

These needs include N210 billion for Civil Servants’ Wage Award, N605 billion for National Security and Defense, N300 billion for bridge maintenance, particularly the Eko Bridge, N400 billion for cash transfers to vulnerable households, N200 billion for seed and agricultural inputs and equipment, and N18 billion for the Independent National Electoral Commission to conduct off-season elections.