Dust Raised as Tinubu Signs N2.17 Trillion Supplementary Budget into Law - The Top Society

Dust Raised as Tinubu Signs N2.17 Trillion Supplementary Budget into Law

President Bola Tinubu has officially signed the N2.17 trillion supplementary budget into law, following its passage by the National Assembly last week. The President’s signing of the 2023 Supplementary Appropriation Act took place on Wednesday, afternoon in his oval office at the State House, Abuja, amidst a gathering of top government officials.
The signing ceremony was a momentous occasion, attended by prominent figures in Nigeria’s political landscape. President of the Senate, Senator Godswill Akpabio, and the Speaker of the House of Representatives, Hon Tajudeen Abbas, were among those present to witness the historic event. Also in attendance were the Secretary to the Government of the Federation, Senator George Akume, and the Minister of Budget and Economic Planning, Atiku Bagudu.
Notably, the ceremony included other distinguished individuals, including Senate Leader, Senator Opeyemi Bamidele, Chairman of the Senate Committee on Finance, Senator Olamilekan Adeola, and the Chairman of the Federal Inland Revenue Service, Zach Adedeji.
The N2.17 trillion supplementary budget is expected to address critical fiscal needs and priorities in the nation, providing additional funding for key sectors, projects, and programs as outlined by the National Assembly. This significant financial injection is anticipated to support economic development and facilitate the implementation of various government initiatives.
Supplementary budget
The signing of this supplementary budget into law signals the commitment of the Nigerian government to addressing urgent financial requirements, further bolstering the country’s path towards sustained growth and prosperity.
With the official approval of the supplementary budget, government agencies and departments can now access the allocated funds to carry out essential projects and services for the benefit of the Nigerian people. The event marks a collaborative effort between the executive and legislative branches of government to ensure that the nation’s financial resources are effectively utilized for the common good.
The N2.17 trillion supplementary budget signing by President Bola Tinubu represents a significant step forward in Nigeria’s fiscal management, demonstrating the government’s dedication to meeting the needs of its citizens and supporting national development initiatives.
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