President Bola Ahmed Tinubu has written the House of Representatives seeking the approval of a N2.1 trillion supplementary budget.
The President also sent the 2024-2026 Medium Term Expenditure Framework & Fiscal Strategy Paper to the House of Representatives.
The development follows the Federal Executive Council’s approval on Monday of N2.1 trillion labour wage adjustments, security and other challenges facing the nation.
Earlier at FEC, the Minister of Budget and Economic Planning, Atiku Bagudu, said the budget would fund urgent issues.
The issues include N210bn for Wage Award for Civil Servants, N605 billion for National Security and Defence, N300 billion for maintenance of bridges, especially the Eko bridge, and N400 billion for cash transfer to vulnerable households, N200 billion for seed and agricultural inputs and equipment and N18 billion for Independent National Electoral Commission to conduct off-season elections.
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