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Senate extends 2023 budget, considers approval for presidential jet

THE Nigerian Senate approved the extension of the implementation of the capital component for the 2023 Appropriation Act and the 2023 Supplementary Appropriation Act to December 31, 2024.

This was disclosed during a plenary sitting today, June 27, 2024. 

The senators suspended their recess, originally scheduled to end on July 2, 2024, and reconvened for an urgent session to deliberate on a bill aimed at amending the 2023 Supplementary Appropriation Act. 

The proposed amendment seeks to extend the implementation deadline to December 31, 2024, in response to President Bola Tinubu’s request.

Note that the 2023 budget of N28.1 trillion was signed into law by former President Muahammadu Buhari in January 2023. The 2023 budget had a capital expenditure of N5.9 trillion.

Meanwhile, Tinubu signed the 2023 supplementary budget of N2.17 trillion in November 2023. 

With the extension of these budgets by the Red Chamber,  The ICIR understands that Nigeria would be simultaneously running three budgets this year. 



These include the capital component of the 2023 budget, the 2023 supplementary budget and the 2024 budget of N28.7 trillion signed by the president in January. 

 Approval for presidential aircraft 

In a separate development, the Senate President, GodsWill Akpabio, also stated that the chamber would consider the approval for the purchase of presidential aircraft if requested.




     

     

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    He stated this to clarify social media comments on the purchase of the plane following recommendations of the Committee on National Security and Intelligence after its technical subcommittee conducted a hearing on the status and airworthiness of aircraft in the Presidential Air Fleet (PAF). 

    Akpabio said, “We care about the president and we care about the Nigerian people. We will approve things that will benefit the Nigerian people. We will approve things that would improve the living standard of the people. At the same time, we will also take cognizance of the duties of the president.

    “If his vehicle is bad, we will repair the vehicle. If his plane is bad, we will approve money for the repair of the plane. So that is not an issue. There is nothing before us. I don’t think you should worry about it.”

    The ICIR reported how the National Assembly leadership ‘hijacked’ the 2022 supplementary budget. Also, The ICIR’s 2024 budget series uncovered several frivolities and misappropriations contained in the budget.

    Kehinde Ogunyale tells stories by using data to hold power into account. You can send him a mail at jameskennyogunyale@gmail or Twitter: Prof_KennyJames | LinkedIn: Kehinde Ogunyale

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