National Assembly extends implementation of 2023 capital, supplementary budgets till December

The National Assembly yesterday approved President Bola Tinubu’s request to extend implementation of the capital component of the N21.83 trillion 2023 Appropriation Act, and the N2.1 trillion 2023 Supplementary Appropriation Act, till December 31, 2024.

Senate President Godswill Akpabio and Speaker of the House of Representatives, Tajudeen Abass, read Tinubu’s letters in the Senate and House respectively. Senator Mohammed Ali Ndume noted that the main reason for the extension was to allow the Federal Government complete ongoing capital projects. Senator Orji Kalu said there are many uncompleted projects in different parts of the country. He urged his colleagues to disregard criticism on extension of the budgets.

“Currently, we have three budgets running and we are still expecting the 2024 supplementary budget from the President. One of the greatest undoing of the PDP was the lack of a budget circle. The process of having four budgets running is not too good.”

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