JUST IN: Buhari Transmits N819.5bn Supplementary Budget, Blames Floods

The President, Major General Muhammadu Buhari (retd.), has transmitted a supplementary 2023 Appropriation Bill to the National Assembly.

Speaker of the House of Representatives, Femi Gbajabiamila, read out the content of the cover letter on the bill to members on Wednesday.

Buhari, in the cover letter, said the additional demand for N819,536,937,813 for next year was due to the devastation caused by floods on farmlands and road infrastructure.

According to the President, Nigeria witnessed the “worst flood incidents in recent history, which has caused massive destruction of farmlands,” adding that the country now risks food insecurity.

He stressed that the floods affected “several roads and bridges” across the 36 states of the federation.

The supplementary budget got to the federal parliament about 24 hours before the passage of the 2023 Appropriation Bill.

The president only transmitted the Finance Bill 2023 to the National Assembly on Tuesday.

Details later…

PUNCH