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The Nigerian Senate has recently approved the N2.17 trillion Supplementary Appropriation Bill for the year 2023. This significant development comes after both chambers of the National Assembly held harmonized sittings to discuss and review the bill, as presented by Senator Solomon Olamilekan Adeola (APC Ogun West), the Chairman of the Senate Committee on Appropriations.

In a swift response to President Bola Ahmed Tinubu’s administration, which submitted a budget proposal of N2.1 trillion to the National Assembly following the Federal Executive Council’s approval, the Senate has now passed the supplementary budget to address critical financial needs for the year ahead.

Key highlights of the N2.17 trillion supplementary budget include:

• A dedicated allocation of N210 billion for the Wage Award for Civil Servants, aimed at ensuring that the welfare of public servants is prioritized and well-sustained.
• An allocation of N605 billion for National Security and Defence, reflecting the commitment to safeguarding the nation’s integrity and protecting its citizens from various security threats.
• A provision of N300 billion for maintenance activities on bridges, with a primary focus on the Eko Bridge. This allocation underscores the government’s dedication to infrastructure development and ensuring the safety of road users.
• An allocation of N400 billion for cash transfers to vulnerable households, demonstrating the government’s commitment to reducing poverty and improving the livelihoods of the most vulnerable members of society.
• An allocation of N200 billion for seed and agricultural inputs and equipment, highlighting the priority given to the agricultural sector and promoting food security and self-sufficiency.
• An allocation of N18 billion for the Independent National Electoral Commission (INEC) to conduct off-season elections, emphasizing the government’s commitment to ensuring the democratic process is upheld and that citizens have fair and transparent electoral experiences.

With the passage of the N2.17tn supplementary budget, the Nigerian government demonstrates its dedication to addressing important national issues and working towards the overall progress and prosperity of the nation. This move will undoubtedly have a positive impact on various sectors and contribute to the socio-economic development of Nigeria.