{"id":99196,"date":"2023-10-30T21:19:03","date_gmt":"2023-10-30T20:19:03","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/fec-approves-n2-1trn-supplementary-budget-for-urgent-national-issues"},"modified":"2023-10-30T23:50:27","modified_gmt":"2023-10-30T22:50:27","slug":"fec-approves-n2-1trn-supplementary-budget-for-urgent-national-issues","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/policy\/fec-approves-n2-1trn-supplementary-budget-for-urgent-national-issues","title":{"rendered":"FEC approves N2.1trn Supplementary Budget for urgent national issues"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>The Federal Executive Council (FEC) on Monday approved N2,176,791,286,033 supplementary budget to fund urgent national issues including N605 billion for national defence and security.<\/p>\n

The Minister of Budget and Economic Planning, Sen. Abubakar Bagudu, made this known while briefing State House Correspondents at the end of FEC meeting in Abuja.<\/p>\n

\u201d The Council considered a request for supplementary appropriation which is a second for 2023, 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.<\/p>\n

\u201d 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. \u201d<\/p>\n

Bagudu also said that FEC approved N300 billion for the repair of Eko and Third Mainland bridges as well as construction, rehabilitation and maintenance of many roads nationwide before the return of the rainy season.<\/p>\n

Similarly, he said Council approved N200 billion for the provision of seed, agricultural input, supplies and agricultural implements and infrastructure to support expansion of production.<\/p>\n

\u201d Equally the sum of N210 billion is provided for the payment of wage Awards. In negotiation with the Nigeria Labour Congress.<\/p>\n

\u201d The Federal Government agreed to pay N35,000 each to about 1.5 million employees of the Federal Government for September, October, November and December.<\/p>\n

\u201d And that amounts to about N210 billion which has been approved and also N400 billion as Cash Transfer payments.\u201d<\/p>\n

He recalled that the Federal Government has secured 800 million dollars loan from the World Bank to pay cash transfers of N25,000 to 15 million households.<\/p>\n

According to him, the 800 million dollars is for October and November.<\/p>\n

\u201d The President graciously approved that an additional month should be funded by the Federal Government and that is what this N100 billion is for.<\/p>\n

\u201d Equally, N100 billion has been provided for the Federal Capital Territory in order to support them in urgent and immediate capital expenditure works that can enhance the infrastructure in the city. \u201d<\/p>\n

\u201d Also, N18 billion was provided for the Independent National Electoral Commission to support them in the conducting the Bayelsa, Kogi and Imo states elections.\u201d<\/p>\n

The minister stated that N5.5 billion was also provided for the funding of the take-off of the Student Loans Board and N8 billion for the take-off grant of new ministries.<\/p>\n

\u201d Equally the sum of N200 billion was provided as capital supplementation to deal with urgent requests that have been made to President Bola Tinubu from various parts of the country.\u201d<\/p>\n

For More News And Analysis About Nigeria<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. The Federal Executive Council (FEC) on Monday approved N2,176,791,286,033 supplementary budget to fund urgent national issues including N605 billion for national defence and security. The Minister of Budget and Economic Planning, Sen. Abubakar Bagudu, made this known while briefing State House Correspondents at the end of FEC meeting in Abuja. \u201d The […]<\/p>\n","protected":false},"author":84,"featured_media":99194,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,14],"tags":[1570,2140,834,254],"class_list":["post-99196","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-africa-press","tag-africa-press-nigeria-2","tag-fec","tag-nigeria"],"yoast_head":"\nFEC approves N2.1trn Supplementary Budget for urgent national issues - Nigeria<\/title>\n<meta name=\"description\" content=\"The Federal Executive Council (FEC) on Monday approved N2,176,791,286,033 supplementary budget to fund urgent national i ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/policy\/fec-approves-n2-1trn-supplementary-budget-for-urgent-national-issues\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FEC approves N2.1trn Supplementary Budget for urgent national issues\" \/>\n<meta property=\"og:description\" content=\"The Federal Executive Council (FEC) on Monday approved N2,176,791,286,033 supplementary budget to fund urgent national i ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/policy\/fec-approves-n2-1trn-supplementary-budget-for-urgent-national-issues\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-30T20:19:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-30T22:50:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/10\/sm_1698689810.798136.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"387\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/fec-approves-n2-1trn-supplementary-budget-for-urgent-national-issues#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/fec-approves-n2-1trn-supplementary-budget-for-urgent-national-issues\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"FEC approves N2.1trn Supplementary Budget for urgent national issues\",\"datePublished\":\"2023-10-30T20:19:03+00:00\",\"dateModified\":\"2023-10-30T22:50:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/fec-approves-n2-1trn-supplementary-budget-for-urgent-national-issues\"},\"wordCount\":436,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/fec-approves-n2-1trn-supplementary-budget-for-urgent-national-issues#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/10\/sm_1698689810.798136.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"FEC\",\"Nigeria\"],\"articleSection\":[\"all news\",\"Policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/policy\/fec-approves-n2-1trn-supplementary-budget-for-urgent-national-issues#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/fec-approves-n2-1trn-supplementary-budget-for-urgent-national-issues\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/fec-approves-n2-1trn-supplementary-budget-for-urgent-national-issues\",\"name\":\"FEC approves N2.1trn Supplementary Budget for urgent national issues - 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