Buhari appeals to NASS to reconsider restructuring N22.7trn CBN loan
Buhari presenting budget before National Assembly

The House of Representatives has passed the 2023 budget, increasing the total estimates from the proposed N20.51tn to N21,827,188,747,391.

Passage of the budget followed the consideration and adoption of the report by the House Committee on Appropriations on the bill at the plenary on Wednesday.

The report came on a supplementary order paper which was later issued during the session.

The House had earlier on Wednesday passed the 2022 Finance Bill, 2022 Supplementary Appropriation Bill and Appropriation Act 2022 (Amendment) Bill which extended implementation of the capital expenditure component of this year’s budget to March 31, 2023.

The National Assembly, which was to pass the budget last week, had delayed passage of the 2023 Appropriation Bill till this week.

Several lawmakers had last week blamed the delay on the 2022 Finance Bill and Supplementary Appropriation Bill recently transmitted to the National Assembly for consideration and passage.

President Muhammadu Buhari had on Wednesday last week transmitted the Finance Bill to the National Assembly, while the Supplementary Appropriation Bill was received by the parliament on Thursday, same day the lawmakers planned to pass the 2023 budget and close for the year.

 

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