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Senate Passes N895.842bn Supplementary Budget Into Law

N173 billion is for recurrent expenditure and N722 billion will be for contribution to a development fund for capital expenditure

Senate on Wednesday approved N982.7 billion as Supplementary Appropriation Bill 2021.

The approval followed the presentation of the report of the Senate Committee on Appropriation headed by Senator Jibrin Barau.

 

Barau noted that N173 billion is for recurrent expenditure and N722 billion will be for contribution to a development fund for capital expenditure for the year ending 31st December 2021.

 

He added that the supplementary budget will allow security agencies to procure arms and equipment as they continue to contain the security threats posed in various regions of the country.

 

In a remark, the President of the Senate, Ahmad Lawan, noted that the fund will amongst other things help intensify the fight against insecurity and aid procurement and administration of Covid-19 vaccines.

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