President Bola Tinubu on Wednesday signed the 2023 supplementary budget into law.
In a significant development on Wednesday, President Bola Tinubu put his signature on the 2023 supplementary budget, marking it as law. This pivotal event took place at the prestigious Presidential Villa in Abuja.
The swift approval of the budget proposal by both the House of Representatives and the Senate paved the way for the President’s decisive action. With the National Assembly’s unanimous approval, the proposal transitioned into a binding law.
This momentous development empowers the Federal Government to allocate and distribute the allocated funds to each level of government as outlined in the budget.
For those eager to dive into the financial details, the 2023 Supplementary budget unveils its priorities: a substantial N1.010.802,015,985 is earmarked for recurrent expenditure, while an impressive N1.165,989,270,049 is dedicated to capital expenditure.
This allocation underscores the government’s commitment to maintaining essential operations while simultaneously investing in vital development projects.
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