In a significant move for Nigeria’s financial landscape, President Bola Ahmed Tinubu has given his assent to the N2.17 trillion supplementary budget, paving the way for a transformative fiscal year.
President Tinubu’s request for the supplementary appropriation bill was met with a swift response from the Nigerian Senate.
The bill, forwarded to the Senate last week Thursday, was promptly considered and approved during the plenary session.
Prior to the bill’s passage, the Senate embraced a harmonized report from the sessions of both the upper and lower chambers on the 2023 Supplementary Appropriation Bill, as submitted by Senator Adeola.
This supplementary budget swiftly passed through readings in both the upper and lower chambers of the National Assembly, with lawmakers emphasizing its significance for the nation’s welfare.
Senator Adeola’s committee diligently examined the budget’s details, working closely with the leadership of relevant sub-committees and the heads of ministries, departments, and government agencies to ensure comprehensive scrutiny.
After a meticulous clause-by-clause review of the Appropriation Bill, the Senate, with unanimous consensus, adopted the Committee’s report, returning the bill to the President without any alterations.