Buhari seeks N819.5bn, writes Senate for approval of Supplementary Budget

Following the devastating floods that damaged roads in many parts of the country earlier this year. President Buhari seeks Senate's approval of a N819.5 billion Supplementary Budget for the 2022 fiscal year to be financed by new domestic borrowing
adminDecember 22, 20221 min

Following the devastating floods that damaged roads in many parts of the country earlier this year. President Buhari seeks Senate’s approval of a N819.5 billion Supplementary Budget for the 2022 fiscal year to be financed by new domestic borrowing

 

President

 

President Muhammadu Buhari has written to the Senate requesting its approval of N819.5 billion as Supplementary Budget for the 2022 fiscal year.

His request was contained in a letter addressed to Senator Ahmad Lawan, President of the Senate which was read at the commencement of plenary on Wednesday.

President Buhari said the supplementary budget would be financed by new domestic borrowing, stating that it was to complete critical infrastructure, which has become imperative in view of the devastating flood disaster witnessed earlier this year that damaged roads in many parts of the country.

 

READ ALSO: Buhari writes Senate, seeks restructure of N23.7trn Ways and Means Advances

 

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