Just in: senate extends 2023 supplementary budget

In a swift move, the Nigerian senate has extented the 2023 supplementary budget from June 30 to December 31, 2024.

On Thursday, the red chamber suspended all its rules and pass the bill just after a two -hour closed door session in less than 20 minutes.

Earlier before the bill was passed, the lawmakers of Nigeria went into a closed-door session which lasted 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.

This extension comes shortly after President Bola Tinubu made a request , 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 only four days left 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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