Senate Gets Buhari’s N895.84bn Supplementary Budget For COVlD Vaccines, Others

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The Senate on Tuesday received a supplementary appropriation Bill from President Muhammadu Buhari to approve the sum of N895.842,465,917 billion as

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“However, the Federal Ministry of Health and the National Primary Healthcare Development Agency have now developed a Covid-19 vaccine programme for the country. Under the vaccine programme, 70% of eligible Nigerians are to be vaccinated between 2021 and 2022.“In addition, our security and law enforcement agencies urgently need to procure additional equipment and other resources in response to the prevalent security challenges across the country.

“Furthermore, additional funds are required to meet our commitment to treat additional 50,000 patients under the Nigeria Comprehensive AIDS Program in States , as the amount provisioned in the 2021 Appropriation Bill for this purpose was inexplicably cut by the National Assembly. “It is also necessary to provide additional funds for Public Service wage adjustment to cater for sundry wage-related issues in the health and other sectors, which if not resolved can add to the prevalent sense of instability in the polity.“We propose to fund N45.63 billion of the N83.56 billion required for the COVlD-19 vaccine programme by drawing on existing World Bank loans as well as Other Grants totalling US$113.22 million.

“We propose to fund the balance of N722.40 billion for capital expenditure on defence/security and capital supplementation from new borrowings, in the absence of any supplementary revenue sources.

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