FEC approves N2.1 trillion as 2023 supplementary budget

The Federal Executive Council (FEC) has approved a 2023 supplementary budget of N2.1 trillion.

This was disclosed by the Minister of Budget and Economic Planning, Atiku Bagudu, after the council meeting presided over by President Bola Tinubu at the State House, Abuja on October 30.

According to him, “The council considered a request for supplementary appropriation which is a second for 2023, and graciously approved the sum of N2.1 trillion as supplementary budget & this budget is to fund urgent issues including N605 billion for national defence and security.

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This is to sustain the gains made in security and these are funds that are needed by the security agencies before the year runs out.

Equally the sum of N200 billion was provisioned for seed, agricultural input, supplies and agricultural implements & infrastructure in order to support expansion of production.

The sum of N210 billion was also provided for the payment of wage Awards.