HomePoliticsTinubu's Bold Move: Defense Takes Center Stage in Nigeria's $2.176tn Supplementary Budget

Tinubu’s Bold Move: Defense Takes Center Stage in Nigeria’s $2.176tn Supplementary Budget

Published on

In a groundbreaking move, President Bola Tinubu’s 2023 supplementary budget proposal, totaling $2.176 trillion, has placed defense at the forefront with an allocation of $476.543 billion. The proposal, submitted to the House of Representatives, underscores Tinubu’s commitment to ensuring the security of Nigerians and their property.

Given the decade-long activities of bandits and criminal elements, the substantial allocation to defense is a decisive step towards fortifying the nation’s territorial integrity. However, the proposal is contingent upon approval from the National Assembly.

Defense aside, significant allocations include $300 billion for works, $200 billion for the Ministry of Agriculture and Food Security, and $100 billion each for Housing and the Federal Capital Territory Administration. Police Commands and Allocation also received $50 billion.

Service Wide Votes secured $615 billion, capital supplementation obtained $210 billion, and the State House was allocated $28 billion. Additional allocations include $49 billion for the Department of State Services, $29.7 billion for the Office of the National Security Adviser, and $18 billion for the Independent National Electoral Commission to conduct off-cycle governorship elections in Bayelsa, Kogi, and Imo States on November 11.

In a letter to the House, read by Speaker Abbas Tajudeen, President Tinubu emphasized the necessity of the supplementary appropriation bill. He cited the need for additional palliative measures, wage awards for public servants, an enhanced cash transfer program, defense expenditures for peace and security, and critical investments in infrastructure.

The supplementary appropriation bill swiftly passed the second reading during a plenary session, and the House Committees on Appropriation are set to provide input for approval in the coming week.

This bold move by President Tinubu reflects a commitment to addressing pressing issues, from security concerns to economic growth. The proposed budget signals a proactive approach to enhancing public welfare and ensuring the nation’s overall prosperity.

Source: Punch

 

Latest articles

WAEC Introduces Paper Variations to Combat Malpractice

WAEC announces paper variations for the 2025 WASSCE to combat malpractice, with nearly 2 million candidates and enhanced security measures.

Malami Dismisses Al-Makura Group’s Claims

Malami rejects Al-Makura group's claims on the CPC bloc’s position for the 2027 elections, dismissing defection rumors and reaffirming loyalty to the APC.

Nigerian Air Force Launches Successful Strikes on Terrorist Strongholds in Sambisa Forest

KEY POINTS The Nigerian Air Force successfully carried out two airstrikes on insurgent strongholds...

Court Frees Teenager Who Blocked Peter Obi’s Convoy Ahead of 2023 Elections

KEY POINTS 17-year-old Alabi Quadri, who stood in front of Peter Obi’s convoy during...

More like this

WAEC Introduces Paper Variations to Combat Malpractice

WAEC announces paper variations for the 2025 WASSCE to combat malpractice, with nearly 2 million candidates and enhanced security measures.

Malami Dismisses Al-Makura Group’s Claims

Malami rejects Al-Makura group's claims on the CPC bloc’s position for the 2027 elections, dismissing defection rumors and reaffirming loyalty to the APC.

Nigerian Air Force Launches Successful Strikes on Terrorist Strongholds in Sambisa Forest

KEY POINTS The Nigerian Air Force successfully carried out two airstrikes on insurgent strongholds...