The Federal Government has said that the 3 trillion naira recurrent component of the 6.2 trillion naira supplementary budget before the National Assembly will largely be used to address the new national minimum wage. 

Minister of Budget and National Planning, ATIKU BAGUDU disclosed this while addressing the House of Representatives’ Committee on Appropriation.

The Minister however assured of government resolve to be prudent in the utilisation of the funds contained in the budget which he said is aimed at stimulating the economy through the implementation of various infrastructural projects.

He said the N3.2 trillion capital component of the supplementary budget is meant as addition funding for priority projects in road, rail, water, irrigation and dam projects in the 2024 fiscal year.

The Minister also said efforts were being made to address issues bordering on security of lives across the country.