The Senate on Wednesday, passed the 2022 Supplementary Budget of N819.5 billion and has extended extended the implementation Of 2022 Appropriation Act.InformationGuideNigeria
Recently, President Muhammadu Buhari requested the passage of a supplementary budget to be financed through additional domestic borrowing.JAMB Portal
According to him, the supplementary budget is premised on the need to complete ongoing critical Federal Government projects.
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Some of these projects include, dams and irrigation projects, and addressing food security following devastating floods across the country.
THE WILL reports that the budget is to be funded by additional borrowing and will increase the budget deficit to 8.17 trillion naira.NYSC Portal
A breakdown of the Supplementary Budget reveal that the Ministry of Agriculture is to get N69 billion, FCT N30 billion, Ministry of Water Resources N15.5 billion, and Ministry of Works and Housing N704 billion.JAMB Result
The house has extended the implementation of the 2022 capital budget till March 31, 2023.
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