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HomeNEWSBreaking NewsBREAKING: Senate Extends Implementation of 2023 Supplementary Budget to Dec 31, 2024

BREAKING: Senate Extends Implementation of 2023 Supplementary Budget to Dec 31, 2024

The Senate has decided to prolong the 2023 supplemental budget’s life cycle from June 30 to December 31, 2024.

On Thursday, the Red Chamber suspended all norms and expeditiously passed a bill requesting the extension in just twenty minutes.

Earlier before the passage of the bill, the lawmakers went into a closed-door session for two hours.

In December 2023, both Chambers of the National Assembly extended the implementation period for the capital component of the budget from December 31, 2023, to March 31, 2024, along with the N2.17 trillion 2023 supplementary budget passed in November 2023.

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Earlier in March, following requests made by President Bola Tinubu, both the Senate and the House of Representatives extended the implementation period for the budgetary appropriations from March 31, 2024, to June 30, 2024.

With just four days remaining until the June 30, 2024, deadline for the affected 2023 budgetary appropriations, the two chambers cut short their recess to hold separate sessions for Thursday (today) to consider further extensions ahead of their previously set resumption date of July 2, 2024.

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