President Buhari presents 2023 Appropriation Bill to National Assembly

President Muhammadu Buhari has transmitted a Supplementary 2023 Appropriation Bill to the National Assembly.

Speaker of the House of Representatives, Femi Gbajabiamila, read out the content of the cover letter on the bill to members on Wednesday.

In the cover letter, the president said the additional demand for 819.5 billion naira for next year was due to the devastation caused by floods on farmlands and road infrastructure.

This will increase the budget deficit to 8.17 trillion naira .

Buhari said Nigeria witnessed the worst flood incidents in recent history, which has caused massive destruction of farmlands, adding that the country now risks food insecurity.

The supplementary budget got to the federal parliament about 24 hours before the passage of the 2023 appropriation bill.