Connect with us

Economy

Buhari approves N983bn supplementary budget

Published

on

The N983 billion 2021 supplementary budget recently passed by the National Assembly has been assented to by the President Muhammadu Buhari.

The N983 billion 2021 supplementary budget recently passed by the National Assembly has been assented to by the President Muhammadu Buhari.

The Senior Special Assistant to the President on National Assembly matters, Mr Umar El-Yakub, said this when he briefed State House Correspondents on Monday in Abuja.

El-Yakub said that the act became effective as from Monday, adding that the main provisions in the supplementary budget were for the security and health expenses.

He said, “The president has assented the Supplementary Appropriation Bill which is now an Act.

“The bill was submitted to the National Assembly and it made an expeditious consideration of the bill, which was passed and transmitted in record time and the president has today assented to that bill and of course it will come into force from today.

“As you are all aware, the bill is targeted at infrastructure in terms of security.

“It targeted the provision of infrastructure to all the military formations– defence, army, police, civil defence, DSS–all the security outfits in this country will benefit from the bill because of the president’s commitment to combating crimes and indeed insurgency and other security challenges facing the country; so this bill is very important and it has been assented to.

“Another critical area of concern is that of health sector;  which we know with the pandemic there is need to invest in that sector as well and the president, having assented to the bill, you find that about ten molecular laboratories will be established nationwide,” he said.

He said the bill also provided for establishment and rehabilitation of oxygen plants and well as the procurement of vaccines, including the J & J vaccine approved by the National Agency for Food and Drug Administration and Control (NAFDAC).

“The total amount in the appropriation bill assented to by the president is N983 billion,” he said.

Add your voice

0 comments

People reading currently

Gates Foundation, UAE deploy $200 million for climate action, food systems innovation Gates Foundation, UAE deploy $200 million for climate action, food systems innovation
Agriculture3 months ago

Gates Foundation, UAE to deploy $200 million for climate action, food systems innovation

The fund will help smallholder farmers in sub-Saharan Africa and South Asia build resilience and adaptation to climate change. The...

Climate Finance Climate Finance
Dev. Finance3 months ago

Kenya, Nigeria named as targeted countries for climate-blended finance deals

Nigeria and Kenya have been identified as the most frequently targeted countries for climate-blended finance flows in the past three...

FuturizeU supports development of innovative healthcare products in Africa FuturizeU supports development of innovative healthcare products in Africa
Social Entreprenuership6 months ago

FuturizeU supports development of innovative healthcare products in Africa

Futurize and AstraZeneca are investing in social entrepreneurs who are developing innovative products that are addressing healthcare equity and early...

Banjul International Airport in Gambia Banjul International Airport in Gambia
Dev. Finance6 months ago

Saudi Fund for Development advocates Climate Change Mitigation, Social Infrastructure Investments in Africa

  The Saudi Fund for Development (SFD) has advocated for the preservation of heritage projects in Africa through initiatives such...

Catalyst Fund Team Catalyst Fund Team
Climate & Environment6 months ago

Catalyst Fund Raises First Round of $40 million investment in African Climate Startups

The Catalyst Fund has achieved the initial close of its $40 million fund for investing in climate startups in Africa....

Paystack CEO, Shola Akinlade, buys majority stake in Aarhus Fremad Paystack CEO, Shola Akinlade, buys majority stake in Aarhus Fremad
Sports11 months ago

Paystack CEO, Shola Akinlade, buys majority stake in Aarhus Fremad

A Danish football club, Aarhus Fremad announced on Tuesday that it has sold  55 percent of its shares to the...

MRI is increasing survival rate of women with breast cancer- PPC MRI is increasing survival rate of women with breast cancer- PPC
Climate & Environment11 months ago

MRI is increasing survival rate of women with breast cancer- PPC

PPC Limited, Nigeria’s leading engineering and infrastructure development company with footprints across Nigeria’s healthcare landscape, says that the advancement of...

Adeleke versus Oyetola Adeleke versus Oyetola
Policy & Regulation11 months ago

Appeal court upholds Senator Ademola Adeleke’s win in Osun

The Court of Appeal Abuja has overturned the ruling of the Osun State Governorship tribunal and has declared Senator Ademola Adeleke...

Lawmaker demands revamp of bank e-payment platforms Lawmaker demands revamp of bank e-payment platforms
Dev. Finance11 months ago

Lawmaker demands revamp of bank e-payment platforms

The members of the House of Representatives have demanded that the Central Bank of Nigeria (CBN) direct banks to revamp...

CBN to destroy naira notes worth N6tn CBN to destroy naira notes worth N6tn
Economy11 months ago

We’ve disbursed N20bn to alleviate cash crunch, CBN tells NLC

The Central Bank of Nigeria (CBN) met with the leadership of the Nigeria Labour Congress (NLC) in Abuja on Thursday,...

Ad Blocker Detected!

Advertisements fund this website. Please disable your adblocking software or whitelist our website.
Thank You!

you're currently offline