On Wednesday, the Senate passed the 2022 supplementary budget of ₦819.5 billion.
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| The Nigerian Senate |
Food security is to be addressed with the supplementary budget following heavy floods across the country, road infrastructure damages and water sector.
President Muhammadu Buhari sought the financing of the supplementary budget through additional domestic borrowing, and will heighten the budget deficit to ₦8.17 trillion.
The Senate approved the supplementary budget on recommendation by the Senate Committee on Finance.
The supplementary budget is meant for the Ministries of Agriculture, Water Resources, FCT and Works.
A breakdown of the supplementary budget ⬇️
- Ministry of Agriculture – ₦69 billion
- Ministry of Water Resources – ₦15.5 billion
- Federal Capital Territory (FCT) – ₦30 billion
- Ministry of Works and Housing – ₦704 billion
