House of Reps jerks up supplementary budget by N86bn, suspends loan request.
Written by crest887fm on July 8, 2021
The House of Representatives, on Wednesday, approved the Federal Government’s 2021 Supplementary Appropriation Bill, raising the estimates from the proposed N895.84bn to N982.73bn.
The House Committee on Appropriations raised the amount by N86.89bn in its report laid earlier on Tuesday.
On Wednesday, the House considered the recommendation as a Committee of Supply and unanimously adopted the report in plenary.
The cover letter on the bill presented to the National Assembly by the President, Major General Muhammadu Buhari (retd.), had read in part, “The supplementary budget request is for a total sum of N895, 842, 465, 917.”
The House Committee on Appropriations, however, recommended a total sum of N982.73bn of which N123.33bn is for recurrent (non-debt) expenditure while the sum of N859.4bn is for contribution to the Development Fund for Capital Expenditure for the year ending December 31, 2021.
Explaining the increment, chairman of the committee, Muktar Betara, said, “The proposal submitted by Mr President was in the sum of N895, 842, 465, 917, with the objective of making funds available for the military, COVID-19 programme and additional funds for public service wage adjustment.