July 07, (THEWILL) –Â The Nigerian Senate has passed the 2021 Supplementary Budget of N982,729,695,343, representing an increase of N87 billion over the request by President Muhammadu Buhari.
The President had proposed N895,842,465,917.00.
But the Senate Committee on Appropriation, in its report presented by the Chairman, Senator Jibrin Barau, increased the amount to N982,729,695,343.
The breakdown of the budget showed that N123,332,174,164 is for recurrent (non-debt) expenditure while the sum of N859, 397,521,179 is for contribution to the development fund for capital expenditure.
THEWILL reports that Buhari had said the amount was needed to fund the COVID-19 vaccine programme and health-related expenditures for the treatment of an additional 50,000 patients under the Nigeria Comprehensive AIDS Programme in states.
Also, part of the money will reportedly be used to procure additional equipment captured in this year’s capital expenditure on defence and security to combat security challenges across the country.
