The Federal Executive Council (FEC), on Monday, approved the sum of N2.1 trillion as supplementary budget for the year 2023.
Minister of Budget and Economic Planning, Atiku Bagudu, disclosed this while briefing State House Correspondents at the end of the meeting of the council in Abuja.
President Bola Tinubu presided over the meeting.
According to Mr Bagudu, the main items in the supplementary budget are issues of security and the payment of wages to workers in the public sector.
“Today, the council considered a request for supplementary appropriation, which is the second for 2023 and graciously approved the sum of N2, 176, 791, 286. 33 as supplementary budget and this is to fund urgent issues including N605 billion for national defence and security to sustain the gains made in security, as these are funds needed by the military and other security agencies for the year 2023.
“Equally, the sum of N300 billion was provided to repair bridges including Eko and Third Mainland bridges as well as construction, rehabilitation and maintenance of many roads nationwide before the return of the rainy season.
Equally the sum of N200 billion was provided for seed and agricultural input supplies as well as agricultural implements and infrastructure in order to support the expansion of food production.”
Credit: premiumtimesng.com
