THE Federal Executive Council – FEC, has approved the supplementary budget of N2.1 trillion.
Minister of Budget and Economic Planning Atiku Bagudu said on Monday, that the budget is to fund urgent issues.
“The council considered a request for supplementary appropriation which is a second for 2023,” he said at the State House in Abuja.
“And graciously approved the sum of N2,176,791,286,033 as supplementary budget and this supplementary budget is to fund urgent issues including N605 billion for national defence and security.
“This is to sustain the gains made in security and to accelerate and these are funds that are needed by the security agencies before the year runs out. ”
He said there will be allocations to maintain previous progress on national security and agriculture, adding that the budget will also cover four months of wage awards for Federal Government workers and student loan funds.
“Equally the sum of N210 billion is provided for the payment of wage Awards. In negotiation with the Nigeria Labour Congress,” Bagudu added.
