{"id":1371,"date":"2021-07-07T16:16:38","date_gmt":"2021-07-07T15:16:38","guid":{"rendered":"https:\/\/mydailybells.com.ng\/businessbells\/?p=1371"},"modified":"2021-07-07T16:16:38","modified_gmt":"2021-07-07T15:16:38","slug":"senate-passes-n982bn-supplementary-budget-to-boost-military-operations","status":"publish","type":"post","link":"https:\/\/mydailybells.com.ng\/businessbells\/senate-passes-n982bn-supplementary-budget-to-boost-military-operations\/","title":{"rendered":"Senate Passes N982bn Supplementary Budget to Boost Military Operations"},"content":{"rendered":"<h4><\/h4>\n<h4><span style=\"font-size: 14pt;\"><strong>The senate has passed a supplementary budget of N982 billion for the year 2021<\/strong>.<\/span><\/h4>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">The budget was passed on Wednesday after Jibrin Barau, chairman of appropriation committee, presented a report during the plenary session.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">While presenting his report, Barau said his committee engaged with Zainab Ahmed, minister of finance, and other stakeholders on the request.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">While N123 billion was approved for recurrent (non-debt) expenditure, N895 billion was earmarked for capital expenditure.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">The figure passed by the senate is N87 billion higher than what the executive sent as supplementary budget.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">President Muhammadu Buhari asked the national assembly to approve the supplementary budget request in June.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">The budget is meant to boost military operations and to facilitate the procurement of COVID-19 vaccine.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">After the supplementary budget was passed, Senate President Ahmad Lawan said the relevant committees of the upper legislative chamber must carry out oversight to ensure that the funds are properly utilised.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">\u201cCommittees should be alive to know these funds are applied. This is a very necessary intervention by this senate for the country,\u201d Lawan said.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">\u201cWe have to continue to fund our security agencies even in the 2022 appropriation bill to overcome these security challenges.\u201d<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">Buhari had presented the initial 2021 budget proposal of N13.08 trillion to a joint sitting of the national assembly on October 8, 2020.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The senate has passed a supplementary budget of N982 billion for the year 2021. &nbsp; The budget was passed on Wednesday after Jibrin Barau, chairman of appropriation committee, presented a report during the plenary session. &nbsp; While presenting his report, Barau said his committee engaged with Zainab Ahmed, minister of finance, and other stakeholders on [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":601,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[15,4],"tags":[795,356],"class_list":["post-1371","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-economy","tag-n982bn-supplementary-budget","tag-senate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Senate Passes N982bn Supplementary Budget to Boost Military Operations &#8212; Business Bells<\/title>\n<meta name=\"robots\" content=\"index, follow, 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