The Federal Executive Council meeting presided over by President Muhammadu Buhari has approved a draft supplementary budget of N895,842,462,917 for the year 2021.
The budget is mainly for the procurement of equipment for the military and COVID-19 vaccines. A bill is therefore to be presented to the National Assembly for approval of the supplementary budget, in line with constitutional provisions.Minister of Finance, Zainab Ahmed disclosed this on Wednesday.
Ahmed also announced that the budget contains an aggregate sum N770.60 billion to further enhance the capacity of the defense and the security agencies to address current and emerging security challenges in our country.
A total of N83.56 billion expenditure is set aside in the budget for COVID-19 vaccine programme, covering 30 million vaccines from Johnson and Johnson and the logistics costs related to the deployment of the vaccines, she also revealed.