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The Chairman of the House Committee on Appropriation, Abubakar Kabir Bichi yesterday explained that the N2,176,791,286,033 Supplementary Appropriation Bill was aimed at boosting food security.
According to him, out of the sum of 476,543,847,421 proposed for Ministry of Defence, the sum of N215,937,945,659 is for recurrent expenditure, while the sum of N260,605,901,762 is for capital expenditure. The sum of N100 billion was also proposed for Federal Capital Territory Administration ; N49,046,831,697 is for Department of State Services ; N28 billion is for State House; N300 billion is for Federal Ministry of Works; N100 billion is for Federal Ministry of Housing; N615 billion is for Service Wide Vote; N210.500 is for Capital supplementation; while the sum of N18 billion is for Independent Electoral Commission .
He however assured that the balance of N200 billion will be captured and considered during the 2024 budget defence. The House of Representatives on Thursday re-allocated the N5 billion that had previously been designated for the presidential yacht to the student loan in the 2023 supplementary budget.
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