FEC approves N2.1trn supplementary budget for 2023

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FEC approves N2.1trn supplementary budget for 2023
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The main items in the supplementary budget are issues of security and the payment of wages to workers in the public sector.

The Federal Executive Council , on Monday, approved the sum of N2.1 trillion as supplementary budget for the year 2023.According to Mr Bagudu, the main items in the supplementary budget are issues of security and the payment of wages to workers in the public sector.

“Equally, the sum of N300 billion was provided to repair bridges including Eko and Third Mainland bridges as well as construction, rehabilitation and maintenance of many roads nationwide before the return of the rainy season. Equally the sum of N200 billion was provided for seed and agricultural input supplies as well as agricultural implements and infrastructure in order to support the expansion of food production.

The minister said the sum of N100 billion was provided in the budget to support the Federal Capital Territory to enable it to execute urgent capital works. He added that N18 billion was allocated to the Independent National Electoral Commission to organise the 11 November off-cycle governorship elections in Kogi, Bayelsa and Imo states.

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