The Senate spokesperson, Yemi Adaramodu, has announced that the Bola Tinubu-led government is finalizing a N6.6 trillion supplementary budget.
This budget is expected to be submitted to the National Assembly after it resumes on July 2.
According to Adaramodu, the proposed supplementary budget aims to fund several key transformational projects across the country. Highlighted projects include the Lagos-Calabar Coastal Road and the proposed Sokoto-Badagry Road.
In addition, the budget will allocate funds for the completion of ongoing railway projects that currently lack counterpart funding.
The supplementary budget will also support the rehabilitation and expansion of dams and irrigation schemes. These enhancements are intended to boost agricultural production and contribute to the broader economic growth of the nation.
”Furthermore, the supplementary budget will support the rehabilitation and expansion of dams and irrigation schemes.
”These enhancements are intended to boost agricultural production and contribute to the broader economic growth of the nation,” he stated.
Adaramodu emphasized that while the budget is still under computation by the executive, it will be forwarded to the National Assembly promptly after their session resumes.
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