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House of Reps Passes 21.8TN 2023 Budget

The House of  Representatives on Wednesday 28 December passed a budget of N21,827,188,747,391 for 2023 appropriation.
This is an increase of N1,319,246,566,677 from the proposal sent to the House by President Muhammadu Buhari.
The House also passed a supplementary budget of N819.5 billion for 2022. The House also adjourned to January 17, 2023.

Meanwhile, the Senate has passed the 2022 supplementary budget of N819.5 billion.
The supplementary budget is to address food security following devastating floods across the country as well as damages to road infrastructure and the water sector.
A breakdown of the supplementary budget in the report by the Committee of Finance shows that the Ministry of Agriculture is to get N69 billion, the Ministry of Water Resources – N15.5 billion, FCT – N30 billion, Ministry of Works and Housing – N704 billion.

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