President BOLA TINUBU has written to the House of Representatives seeking the approval of the sum of N2,176,791,286,033 (Two point one trillion naira ) as 2023 supplementary budget to address labour wage adjustments, security and more.
The President also sent the 2024-2026 Medium Term Expenditure Framework & Fiscal Strategy Paper to the House of Representatives.
On Monday, the Federal Executive Council (FEC) approved the 2023 supplementary budget of N2.1 trillion.
While speaking after the FEC meeting in Abuja, the Minister of Budget and Economic Planning, ATIKU BAGUDU, said the budget is to fund urgent issues.
The President said the supplementary budget is to fund urgent issues including N605 billion for national defence and security.