Reps Pass N21.8trn 2023 Budget

Reps have passed N21.8trn 2023 budget.

EKO HOT BLOG reports that the House of Representatives has finally passed the 2023 appropriation bill at N21.83 trillion.

There was an increase of N1.32 trillion from the initial N20.51 trillion budget proposal of President Muhammadu Buhari.

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Passage of the Federal Government budget followed the consideration and adoption of the report by the House Committee on Appropriations on the bill at the plenary on Wednesday.

The Senate has also approved the 2022 supplementary budget of N819.5 billion.

According to the upper chamber, the amendment of the 2022 Appropriation Act is to ensure the implementation of the key capital project in the Act which has not been funded at this time.

The upper chamber said it is expedient that the capital projects be extended to prevent the problem of abandoning projects in the budget.

The supplementary budget is to address food security following devastating floods across the country as well as damages to road infrastructure and the water sector.

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A breakdown of the supplementary budget in the report by the Committee of Finance shows that the Ministry of Agriculture is to get N69 billion, the Ministry of Water Resources – N15.5 billion, FCT – N30 billion, Ministry of Works and Housing – N704 billion.

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