President Bola Tinubu on Tuesday wrote the House of Representatives to seek the approval of the lawmakers for a supplementary appropriation bill of N2,176,791,286,033.
President Tinubu, in the letter submitted to the lawmakers said the budget will address labour wage adjustments, security and more.
Also, Tinubu sent the 2024-2026 Medium Term Expenditure Framework & Fiscal Strategy Paper to the House of Representatives.
On Monday, the Federal Executive Council (FEC) approved the 2023 supplementary budget of N2.1 trillion.
While speaking after the FEC meeting in Abuja, the Minister of Budget and Economic Planning, Atiku Bagudu, said the budget is to fund urgent issues.
“The council considered a request for supplementary appropriation which is a second for 2023,” he said at the State House in Abuja.
“And graciously approved the sum of N2,176,791,286,033 as supplementary budget and this supplementary budget is to fund urgent issues including N605 billion for national defence and security.
“This is to sustain the gains made in security and to accelerate and these are funds that are needed by the security agencies before the year runs out.”