Niger State House of Assembly has passed into law the 2023 Supplementary Appropriation Bill of about N230.3b.
The law was enacted after the bill scaled the third reading following an emergency sitting at the State House of Assembly Complex, Minna, on Wednesday.
Speaker of the state house of assembly, Rt. Hon. Abdulmalik Sarkin Daji, said that the budget has a capital expenditure of N211.2b and a recurrent expenditure of N19.08b.
He said that the N230,300,000,000.00 is expected to be financed from the following inflows: UBA facility of N187,000,000,000.00, Federal Government (FG) infrastructure loan of N42,000,000,000.00, and NCNI (Project Financing Firm) bond of N1,300,000,000.00.
According to him, the budget will affect personnel, overhead, and viable capital projects that are in line with the government's priorities.
He added that July 1, 2023, is the effective start of the supplementary budget implementation.
The bill was presented to the floor of the House by the Chairman of the House Standing Committee on Planning and Appropriation, the member representing Rafi Constituency, Hon. Zubairu Ismail.
The speaker appreciated members for responding to the emergency sitting to attend to the urgent need to pass the bill into law as it was in the best interest of the state, even as he commended the standing committee for doing thorough work before the bill presentation at the plenary.