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Home News

National Assembly approves N819bn for subsidy palliatives, projects

JEO report by JEO report
July 14, 2023
in News
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National Assembly approves N819bn for subsidy palliatives, projects
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Lawmakers will get up to N70bn in the N819bn supplementary budget passed by the National Assembly on Thursday.

The Senate also approved the $800m World Bank loan request by President Bola Tinubu.

The sum will be extracted from the N819bn Supplementary Appropriation Act, 2022.

N500bn was earmarked for palliatives and other capital expenditures to cushion the effect of the recent fuel subsidy removal.

N70bn was budgeted to support the working conditions of the National Assembly. At the same time, N185.2bn was earmarked for the Ministry of Works and Housing to alleviate the impact of the severe flooding experienced in the country in 2022.

Also, N19.2bn was budgeted for the Federal Ministry of Agriculture to ameliorate the massive destruction to farmlands across the country during the severe flooding experienced last year.

JEO report

JEO report

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