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Reps extend 2023 supplementary budget implementation by two months
The house of representatives has passed a bill seeking for
an extension of the 2023 supplementary budget.
President Bola Tinubu had asked the national assembly to
extend the implementation of the 2023 supplementary budget to June 2024.
Tajudeen Abbas, speaker of the house of representatives,
read Tinubu’s letter during plenary on Wednesday.
The president asked parliament to expedite action on the
amendment of the 2023 Appropriation Act, to extend the implementation of the
capital components from March to June.
Tinubu said the extension had become imperative to ensure
that the provisions of the two acts were fully implemented.
In November, the president signed the 2023 N2.17 trillion
supplementary budget into law.
He subsequently asked the national assembly to extend the
implementation to March 31, 2024.
REPS PASS BILL
After reading the president’s letter, the lower legislative
chamber speedily passed the bill for first, second, and third readings.
The green chamber passed the bill after Bello Kumo, chief
whip, moved a motion to the effect.
While leading the debate, Kumo said the president’s request
should be granted to extend the implementation of the capital component of the
budget in the interest of the country.
Consequently, the bill was read the third time and passed.