Tinubu approves N2.17trn 2023 supplementary budget

President Bola Tinubu has approved the N2.17 trillion 2023 supplemental budget.

According to The Times, the budget was swiftly approved by the Senate and House of Representatives last week, and the president then signed it.

The National Assembly adopted the plan, and it is now essentially a law, enabling the federal government to distribute the funds specified in the budget to each level of government.

According to a breakdown of the 2023 Supplementary Budget, N1.010.802,015,985 is meant for Recurrent expenditure while N1.165,989,270,049 is for Capital expenditure.

More details later…