President Bola Tinubu had written the lower chamber, seeking the approval of the sum of N2,176,791,286,033 as 2023 supplementary budget to address labour wage adjustments, security etc.
Tinubu also sent the 2024-2026 Medium Term Expenditure Framework & Fiscal Strategy Paper to the House of Representatives.
The 2023 supplementary budget of N2.1 trillion was approved by the Federal Executive Council (FEC) on Monday.
The Minister of Budget and Economic Planning, Atiku Bagudu, said at the FEC meeting that the budget was for the funding of 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,” Bagudu said.