By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Daily Report NigeriaDaily Report NigeriaDaily Report Nigeria
Notification Show More
Font ResizerAa
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Reading: FEC Approves N2.1trn Supplementary Budget
Share
Font ResizerAa
Daily Report NigeriaDaily Report Nigeria
  • METRO
  • NEWS
  • POLITICS
  • SPECIAL REPORT
  • FACT FILE
Search
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Have an existing account? Sign In
Follow US

Home | FEC Approves N2.1trn Supplementary Budget

News

FEC Approves N2.1trn Supplementary Budget

Daily Report Nigeria
Daily Report Nigeria
Published: June 15, 2025
Last updated: June 15, 2025
3 Min Read
Share
FEC Approves N2.1trn Supplementary Budget | Daily Report Nigeria
SHARE

The Minister of Budget and Economic Planning, Sen. Abubakar Bagudu, has disclosed that the Federal Executive Council (FEC) on Monday approved N2,176,791,286,033 supplementary budget to fund urgent national issues including N605 billion for national defence and security.

Bagudu made this known while briefing State House Correspondents at the end of FEC meeting in Abuja.

” The Council considered a request for supplementary appropriation which is a second for 2023, and graciously approved the sum of N2,176,791,286,033, as supplementary budget and this supplementary budget is to fund urgent issues including N605 billion for national defence and security.

ATTENTION: Click “HERE” to join our WhatsApp group and receive News updates directly on your WhatsApp!

“This is to sustain the gains made in security and to accelerate and these are funds that are needed by the security agencies before the year runs out. ”

The former Kebbi state governor also stated that FEC approved N300 billion for the repair of Third Mainland bridges, Eko Atlantic as well as construction, rehabilitation and maintenance of many roads nationwide before the return of the rainy season.

Similarly, he said Council approved N200 billion for the provision of seed, agricultural input, supplies and agricultural implements and infrastructure to support expansion of production.

Also Read: Rivers Assembly Elects New Speaker Over Fubara

” Equally the sum of N210 billion is provided for the payment of wage Awards. In negotiation with the Nigeria Labour Congress.

”The Federal Government agreed to pay N35,000 each to about 1.5 million employees of the Federal Government for September, October, November and December.

” And that amounts to about N210 billion which has been approved and also N400 billion as Cash Transfer payments.”

While recalling that the Federal Government has secured 800 million dollars loan from the World Bank to pay cash transfers of N25,000 to 15 million households, Bagudu said the 800 million dollars is for October and November.

” The President graciously approved that an additional month should be funded by the Federal Government and that is what this N100 billion is for.

” Equally, N100 billion has been provided for the Federal Capital Territory in order to support them in urgent and immediate capital expenditure works that can enhance the infrastructure in the city. ”

” Also, N18 billion was provided for the Independent National Electoral Commission to support them in the conducting the Bayelsa, Kogi and Imo states elections.”

Also Read: FEC Approves $5bn Annual Poverty Alleviation Fund

Bagudu said that N5.5 billion was also provided for the funding of the take-off of the Student Loans Board and N8 billion for the take-off grant of new ministries.

” Equally the sum of N200 billion was provided as capital supplementation to deal with urgent requests that have been made to President Bola Tinubu from various parts of the country.” (NAN)

For publication of Press Releases, Statements, and Advert Inquiries, send an email to info@dailyreport.ng
TAGGED:Atiku BaguduDaily Report NgFECTop Stories
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest Updates

Club World Cup : Chelsea, Palmeiras Advance to Quarter Finals | Daily Report Nigeria
Club World Cup : Chelsea, Palmeiras Advance to Quarter Finals
Sports
Obi Slams Tinubu for Saint Lucia Vacation Amid Soaring Insecurity, Hunger in Nigeria | Daily Report Nigeria
Obi Slams Tinubu for Saint Lucia Vacation Amid Soaring Insecurity, Hunger in Nigeria
News
Fubara Justifies Peace with Wike, Says Reconciliation Needed for Rivers’ Stability | Daily Report Nigeria
Fubara Justifies Peace with Wike, Says Reconciliation Needed for Rivers’ Stability
Politics
Motorcyclist Shot Dead by Armed Men in Abia | Daily Report Nigeria
Motorcyclist Shot Dead by Armed Men in Abia
Metro
Jeff Bezos, Lauren Sanchez – At a Glance | Daily Report Nigeria
Jeff Bezos, Lauren Sanchez – At a Glance
Fact File

TOPIC

2023 Elections Abuja Accident AFCON Anambra APC Arrest ASUU ASUU Strike Atiku Abubakar Bandits Bayelsa BBNaija Biafra Boko Haram Bola Ahmed Tinubu Bola Tinubu Breaking News Breaking News Nigeria Burna Boy Burutu CBN Celebrity news Chelsea Coronavirus court covid-19 Crime Daily Report Ng Daily Report Nigeria Daily Sports News Davido Delta Delta state DSS Education EFCC Elections English Premier League EPL Family federal government FG FIFA World Cup Football Fraud Godwin Emefiele Goodluck Jonathan Governor Nyesom Wike Gunmen Health Ifeanyi Okowa Imo INEC Insecurity IPOB IYC JAMB Kaduna Kidnap Labour Party Lagos Lagos State Manchester United Marriage Muhammadu buhari Music NASS NDDC NDLEA Niger Delta Nigeria NLC Nnamdi Kanu NNPC Nollywood Nyesom Wike Olusegun Obasanjo Pastor PDP Peter Obi Police Politicians President Bola Ahmed Tinubu President Muhammadu buhari Professor Yemi Osinbajo Protest Rape Reno Omokri Rivers State Senate Sheriff Oborevwori Social Media Suicide Super Eagles Tinubu Top Stories Twitter Victor Osimhen Zamfara

You Might Also Like

FG Begs NLC To Suspend Nationwide Strike
News

FG Begs NLC To Suspend Nationwide Strike

June 15, 2025
BREAKING: Peter Obi Pick Yusuf Datti Baba-Ahmed As running mate | Daily Report Nigeria
Politics

BREAKING: Peter Obi Pick Yusuf Datti Baba-Ahmed As running mate

June 14, 2025
Children's Day: NHFSS Deputy Boss Calls for Improved Youth Welfare, Security | Daily Report Nigeria
News

Children’s Day: NHFSS Deputy Boss Calls for Improved Youth Welfare, Security

June 14, 2025
Abba Kyari Plans To Escape, Flee Nigeria – NDLEA Tells Court | Daily Report Nigeria
News

Abba Kyari Plans To Escape, Flee Nigeria – NDLEA Tells Court

June 15, 2025
© Daily Media N Publishing LTD. All Rights Reserved.
  • Home
  • About Us
  • Adverts With Us
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?