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Senate Passes ₦819.5B 2022 Supplementary Budget


The Senate has passed the 2022 Supplementary Budget of 819.5 billion naira.

 

President Muhammadu Buhari sought the passage of the supplementary budget to be financed through additional domestic borrowing.

 

The supplementary budget is to address food security following devastating floods across the country, as well as damages to road infrastructure and water sector.

 

A breakdown of the Supplementary Budget shows that the Ministry of Agriculture is to get 69 billion naira, Ministry of Water Resources 15.5 billion naira, FCT 30 billion naira and Ministry of Works and Housing 704 billion naira.

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