News
BREAKING: FG Okays N2.1 Trillion Supplementary Budget
The supplementary budget aims to address various pressing issues, with allocations including;
The Federal Government of Nigeria has approved a supplementary budget of N2.1 trillion.
VerseNews reports that the announcement was made by the Minister of Budget and Economic Planning, Atiku Bagudu, following a Federal Executive Council meeting presided over by President Bola Tinubu.
The supplementary budget aims to address various pressing issues, with allocations including;
- N605 billion for defense and security, N300 billion for bridge repairs and construction
- N200 billion as a seed fund for agriculture, N210 billion for wage awards from September to December 2023
- N400 billion for cash transfer payments
- N100 billion to support the Federal Capital Territory (FCT) capital projects
- N18 billion for the Independent National Electoral Commission (INEC) for elections in Bayelsa and Imo states
- N5.5 billion for student loans
- N800 billion for the establishment of a new ministry
Additionally, the domestic borrowing ceiling was increased, and the government is maintaining the January to December budget cycle.
Wage awards to labor for the next six months will remain unchanged, with any necessary adjustments to be included in the supplementary budget.
BREAKING: President Tinubu Postpones Foreign Trips Amid Rising Terror Attacks
President Tinubu delays his Africa trip to oversee rescue operations for 24 kidnapped Kebbi schoolgirls and respond to a deadly...
Anambra CP Issues Fresh Security Alert to Residents, Releases Emergency Hotlines
Anambra Commissioner of Police, CP Ikioye Orutugu, has urged residents, visitors and business owners to heighten vigilance as the Ember...
‘I Could Run for Governor and Win’ — Kiddwaya Mocks Critics Amid Benue Killings
Reality TV star Kiddwaya has come under fire for hyping Detty December despite insecurity in Benue.
‘I Want to Believe that Tinubu is Dead’, VeryDarkMan Fumes Over Horrific CAC Church Attack
Nigerian activist VeryDarkMan has sparked outrage online after releasing a fiery video reacting to the brutal terrorist attack on a...
‘Even America Records Crime Daily, We’re Trying’ — Akpabio Downplays Insecurity After Kidnap of 25 Schoolgirls
Senate President Godswill Akpabio has come under fire after remarks during plenary suggesting that Nigerians should not despair over the...
‘I’m Not Your Regular Footballer, I Will Beat You’: Nwabali Fires Back as Lege Miami Drags His Late Father
A heated online feud has erupted between actor Lege Miami and Super Eagles goalkeeper Stanley Nwabali after Lege insulted the...
Viral Video of Pastor Preaching in Heels and Skirt Sparks Outrage, Confusion Online
A viral clip of a male pastor preaching in a skirt and high heels has stirred controversy on social media,...
‘You Promised to End Insecurity In Nigeria, What Changed?’ Mr Macaroni Questions Tinubu Over Kidnapped Kebbi Schoolgirls
Nigerian activist and skitmaker Mr Macaroni has publicly questioned President Bola Ahmed Tinubu over the recent abduction of schoolgirls in...
In Nigeria, Christians are Being Target and Killed, Says Nicki Minja During UN Speech (Video)
Nicki Minaj has joined the global outcry against the ongoing religiously motivated killings in northern Nigeria, delivering a powerful speech...
WATCH: CAC Livestream Captures Final Moments Before Terrorists Open Fire on Christian Worshippers During Church Service
A heartbreaking livestream from CAC Church in Eruku, Kwara State captured the final moments before gun-wielding terrorists burst into the...
You must be logged in to post a comment Login