2023 Supplementary Budget Implementation Extended

The Senate extends the 2023 supplementary budget implementation period to December 31, 2024, following an expedited bill passage.

Eko Hot Blog reports that the Senate has extended the life cycle of the 2023 supplementary budget from June 30 to December 31, 2024.

On Thursday, the Red Chamber suspended all its rules and expedited the passage of the bill seeking the extension in less than 20 minutes.

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Before the bill’s passage, lawmakers held a closed-door session for two hours.

In December 2023, both Chambers of the National Assembly extended the implementation period for the capital component of the budget from December 31, 2023, to March 31, 2024, along with the N2.17 trillion 2023 supplementary budget passed in November 2023.

In March, following requests made by President Bola Tinubu, both the Senate and the House of Representatives extended the implementation period for the budgetary appropriations from March 31, 2024, to June 30, 2024.

With just four days remaining until the June 30, 2024, deadline for the affected 2023 budgetary appropriations, the two chambers cut short their recess to hold separate sessions for Thursday (today) to consider further extensions ahead of their previously set resumption date of July 2, 2024.