Tinubu Approves the Extension of 2023 Supplementary Budget till March
President Tinubu has approved the extension of the 2023 supplementary budget till March 2024.
The bill was passed by the national assembly along with the 2024 supplementary bill which was assented to by Tinubu on Monday at the Presidential Villa.
The speaker of the House of Representatives, Tajudeen Abass announced this while speaking to newsmen after the president signed the 2024 appropriation bill into law.
The President had submitted the 2023 supplementary bill to the national assembly blast November top accommodate mostly financial implication of the petrol subsidy removal and agreement with the organized labor.
Read Also:
Tinubu Presents 2024 N27.5 Trillion Budget before the National Assembly
Also speaking on the matter, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, said the administration is ready to phase out Ways and Means.
He said, We are all ready, even from tomorrow, applying technology to ensure that the revenue that should come to government from all sources, including from government-owned enterprises, comes into the consolidated revenue fund and on the other side, we are bringing order to government borrowing.
So, Ways and Means is being eliminated by taking the funding that is required from the market, as opposed to the printing of money by Central Bank.
Earlier, President Tinubu signed the N28.7tn 2024 budget after he arrived in Abuja from Lagos, where he observed the Christmas holidays.
Other senior government officials present at the brief ceremony include Chief of Staff to the President, Femi Gbajabiamila; Minister of Budget and Economic Planning, Senator Atiku Bagudu, and National Security Adviser, Nuhu Ribadu.
