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Reading: Senate passes N895 billion supplementary budget for 2021 fiscal year
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Senate passes N895 billion supplementary budget for 2021 fiscal year

By
Farouk Mohammed
ByFarouk Mohammed
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Farouk Mohammed is the Publisher and Lead Editor of Okay News, an international digital news platform delivering verified reporting across technology, global affairs, business, innovation, and...
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July 7, 2021 - 12:44 pm
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The upper house of National Assembly of Nigeria, Senate © Okay Nigeria
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The Senate has passed a supplementary budget of N895 billion (895,842,465,917) for the 2021 fiscal year.

Okay.ng understands that the passage was sequel to the consideration of the report of the Senate Committee on Appropriations, which was presented by the chairman, Senator Barau Jibrin, on Wednesday.

Speaking during his presentation, Senator Jibrin said the supplementary budget would augment the effort of various government agencies to discharge their responsibilities.

He noted that that security agencies will be able to procure arms and equipment as they strive to combat insecurity across the country.

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After the passage, the Senate President, Ahmad Lawan, said the relevant committees of the upper legislative chamber must carry out an oversight, to ensure that the funds are properly utilised.

“Committees should be alive to know these funds are applied. This is a very necessary intervention by this Senate for the country.

“We have to continue to fund our security agencies even in the 2022 appropriation bill to overcome these security challenges,” Lawan said.

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