The federal government has approved a supplementary budget totaling N2.1 trillion.
The Minister of Budget and Economic Planning, Atiku Bagudu, disclosed this to State House correspondents on Monday after the Federal Executive Council meeting presided over by President Bola Tinubu at the Presidential Villa.
Bagudu explained, “We submitted a supplementary budget, and the council considered a request for an appropriation of 2 trillion, 176 billion, 791 million, and 286 thousand as a supplementary budget.”
According to him, the supplementary budget is intended to address pressing issues, including allocating 605 billion for defense and security to maintain previous progress.
Additionally, he said 300 billion was earmarked for bridge repairs, construction, and rehabilitation, while 200 billion was designated as a seed fund for agriculture.
