President Muhammadu Buhari, on Monday has signed the 2021 Supplementary Appropriation Bill of N982,729,695,343 into law.
The Senior Special Assistant to the President on National Assembly Matters, (House of Representatives), Umar El-Yakub, made this disclosure during a press briefing at the Presidential Villa, Abuja.
El-Yakub stated that the supplementary budget will be primarily used to improve the security and health sectors. He further assured that all the allocated funds in the budget will be channeled to ensure that there is development in the country.
Earlier this month, the Senate passed a total sum of N982,729,695,343 for the 2021 supplementary budget, marking an N87billion increase from the initial proposed budget.
The President had proposed N895.842,465,917bn, while explaining that the proposed budget would be used to fund the COVID-19 vaccine programme and health-related expenditures for treatment of additional 50,000 patients under the Nigeria Comprehensive AIDS Programme in states.
He had also said that part of the money would be used to procure additional equipment captured in this year’s capital expenditure on Defence and Security to tackle prevalent security challenges across the country.
However, the Senate raised the budget by N87bn following the argument of tge chairman, Committee on Appropriation, Senator Barau Jibrin, that some sectors were grossly underfunded.