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NASS approves Tinubu’s request to extend 2023 budget implementation

Credible News by Credible News
June 27, 2024
in Development, Economy, Human Interest, News
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The National Assembly comprising the House of Representatives and the Senate, after a rowdy session has passed the bills seeking the extension of the capital component of the 2023 budget and the Supplementary Appropriation Act.

It also passed a Bill for an Act to Amend the Supplementary Appropriation Act, 2023 to further extend its implementation from 30 June 2024 to 31 December 2024.

The development comes as President Bola Tinubu on Thursday, asked the Senate to further extend the implementation period for the capital component of the ₦21.83trn 2023 budget, and the ₦2.17trn 2023 supplementary budget from June 30 to December 31, 2024.

The request, which caused a rowdy session in the House necessitated members of the House to enter into a closed-door meeting.

READ ALSO: Tinubu seeks further extension of 2023 supplementary budget implementation

The bill which was read for the first and second time after the Speaker, Tajudeen Abbas read President Bola Tinubu’s letter seeking the extension was sponsored by the House Leader Julius Inhonvbere.

Some members however disagreed with the bill while others called for its passage.

The Minority leader, Kinsley Chinda in disagreement with the bill, stated that extension of the implementation of capital projects will negatively affect the people.

“We are aware of the importance of the implementation of capital projects and we know what we know what capital projects can do in the lives of our people.

“But the application for extension of the 2023 Appropriation Act is also coming with the request to extend the life of the 2023 supplementary budget. We are also expecting the 2024 supplementary budget.

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Tags: 2023 supplementary budgetCredible NewsNASS
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