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Supplementary budget: N’assembly gets N70bn to ‘support’ new lawmakers

July 13, 2023
2 Min Read

 

The house of representatives, on Thursday, passed a bill
seeking to amend the supplementary appropriation act 2022.

 

The executive bill, which was given accelerated passage,
followed the adoption of a report presented by Julius Ihonvbere, the majority
leader.

 

While speaking on the floor of the house, Benjamin Kalu,
deputy speaker, said the “challenges” of the senate and house of
representatives members “have been captured by these particular provisions that
are being presented to us so that your welfare and your offices that are not
functioning well will be taken care of”.

 

President Bola Tinubu had asked the lawmakers to amend the
N819 billion supplementary appropriation act 2022 and extract N500 billion to
allow the federal government to provide palliatives to cushion the effects of
petrol subsidy removal on Nigerians.

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The national assembly in December 2022, passed a
supplementary budget of N819 billion for the 2022 fiscal year to enable the
federal government to cushion the effects of flood and complete critical
projects — with the following breakdown of allocation: agriculture, N69
billion; works, N704 billion; FCTA, N30 billion; and water resources – N15.5
billion.

 

At the time, the legislature also extended the
implementation of the capital components of the 2022 supplementary budget to
March 31, 2023.

 

In May 2023, the national assembly further passed an
amendment to the 2022 supplementary budget to extend its implementation to
December 2023.

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BREAKDOWN OF THE
AMENDED SUPPLEMENTARY BUDGET

 

The breakdown of the amended supplementary appropriation act
2022 passed on Thursday is given below:

 

·        
N500 billion for palliatives and other capital
expenditures to cushion the effects of the removal of the petrol subsidy.

·        
N185,236,937,815 is allocated to the ministry of
works and housing to address the impacts of the severe flooding experienced in
the country in 2022 on road infrastructure across the six geopolitical zones

·        
N19,200,000,000 is earmarked for the federal
ministry of agriculture to ameliorate the massive destruction to farmlands
across the country during the severe flooding experienced last year.

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·        
N35 billion to National Judicial Council.

·        
N10 billion to federal capital territory
administration (FCTA) for critical projects.

·        
N70 billion to the national assembly to support
the working conditions of new members.