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By Iheanyi Chukwudi
President Bola Tinubu on Wednesday signed into law the N2.17 trillion 2023 Supplementary Budget meant to address urgent security and economic needs of the country.
The President signed the Supplementary Appropriation Act, 2023 in his office at the State House in the presence of the Secretary to the Government of the Federation, George Akume; President of the Senate, Godswill Akpabio and Speaker of House of Representatives, Tajudeen Abbas.
Others at the signing were Minister of Budget and Economic Planning, Atiku Bagudu; Chairman of the Federal Inland Revenue Services (FIRS), Zacch Adedeji; Senate Leader, Opeyemi Bamidele and the Chairman, Senate Committee on Finance, Olamilakan Adeola.
The supplementary budget had generated controversy with some items in it but the Budget and Economic Planning Minister, Bagudu explained that the largest chunk of N605 billion is going into security, to further enhance the capacity of the nation’s defence and the security agencies to enable them address the country's current and emerging security challenges.
Others he said will go into infrastructure and palliative for civil servants to cushion the fuel subsidy removal.
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