President Bola Tinubu has just signed the N2.17 trillion 2023 Supplementary Budget, which was recently passed by the National Assembly.
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Signing the 2023 Supplementary Appropriation Act at the State House this afternoon, President Tinubu had the president of the Senate, Godswill Akpabio, and the speaker of the House of Representatives, Tajudeen Abass, in attendance.
Others standing with the president at the brief signing ceremony, which was held in his office, included the Secretary to the Government of the Federation (SGF), George Akume; Minister of Budget and Economic Planning, Atiku Bagudu; and Chairman of the Federal Inland Revenue Services (FIRS), Zacch Adedeji.
Others at the signing were Senate Leader, Sen Opeyemi Bamidele; and the chairman of the Senate Committee on Finance, Sen Olamilakan Adeola.
Tinubu has assured Nigerians that his administration will ensure the judicious application of the N2.17 trillion 2023 Supplementary Budget just signed into law.
The budget, according to a statement signed by the Special Adviser to the President on Media and Publicity, Ajuri Ngelale, is to strengthen Nigeria’s security architecture and address Nigeria’s critical infrastructure deficit, amongst other considerations.
President Tinubu, who gave the assurance on Wednesday, November 8, during a brief signing ceremony at the State House, Abuja, also lauded the National Assembly for the swift consideration and passage of the budget.
Meanwhile, minister of Budget and Economic Planning, Alhaji Abubakar Atiku Bagudu, said the federal government has assigned 32% of the just signed budget to the wage award for federal civil servants, while 30% goes to defense and security.
The wage award is part of the administration’s means of cushioning the harsh effects of fuel subsidy removal.
A statement issued at the end of the budget signing ceremony, by the Special Adviser to the President on Media and Publicity, Ajuri Ngelale, said 35% will fund critical infrastructure under ministries like Works, Federal Capital Territory (FCT), as well as Housing and Urban Development.