The House of Representatives on Wednesday extended the implementation of the capital component of the N2.17 trillion 2023 supplementary budget from January 31, 2024 to June 30, 2024.
Daily Trust reports that the Senate and the House of Representatives had on November 2, 2023 passed the N2.17trn 2023 supplementary appropriation bill after a third reading which implementation is due to elapse on March 31, 2024.
The extension of the budget implementation followed the consideration of “A Bill for an Act to Amend the Appropriations Act, 2023 to Extend the Implementation year from 31 March, 2024 to 30 June, 2024 and for Related Matters (HB. 1285)” transmitted to the House by President Bola Ahmed Tinubu on Wednesday.
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The House after suspending its relevant rules passed the bill for first and second reading after which it was considered at the Committee of Supply and passed for third reading.
Acting House Leader, Bello Kumo while leading debate for second reading of the bill, said the extension of the implementation of the 2023 budget was important to enable the government address security and economic challenges bedeviling the country.
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