President Muhammadu Buhari, Monday, in Abuja signed a supplementary budget of N982,729,695,343 into law. According to a statement by Senior Special Assistant to the President Media and Publicity, Garba Shehu, the budget is to address urgent security and COVID-19 needs of the nation.
The President signed the Supplementary Appropriation Act, 2021 in his office at the State House in the presence of Vice President Yemi Osinbajo, Secretary to the Government of the Federation, Boss Mustapha, Chief of Staff, Prof. Ibrahim Gambari and Director-General, Budget Office of the Federation, Ben Akabueze and Senior Special Assistant to the President on National Assembly Matters (House), Umar el-Yakub.
Of the amount, N123.3 million is slated for recurrent (non-debt) expenditure, while the sum of the N859.3 billion is for contribution to the Development Fund for capital expenditure for the year ending December 31, 2021.
President Buhari commended the National Assembly for the expeditious consideration and approval of the supplementary budget, assuring that the executive arm of government would ensure a timely delivery of capital projects to achieve the laudable objectives of the Budget. The statement said the President had at an earlier date, signed the Orthopedic Hospitals Management Board (Amendment) Act, 2021.
