The National Assembly on Wednesday raised the 2021 Supplementary Budget from N895.842 billion to N982.729 billion.
The addition of N86.887 billion followed the consideration of reports of the Appropriation Committees of the Senate and the House of Representatives on the supplementary budget bill submitted to them two weeks ago by President Muhammadu Buhari.
Both chambers Okayed N859.4 billion out of the N982.7 billion as capital expenditure and N123. 33 billion as recurrent (non-debt) expenditure.
In his presentation, Senate Committee on Appropriation Chairman Barau Jibrin, explained that N45.63 billion required for COVID-19 vaccine programme would be funded through an existing World Bank loan and grants.
He added that another N37.93 billion would be sourced from Special Reserve/Levy Accounts comprising: TSA (Foreign currency component) – N25 billion; MOFI CHQ optional – N5 billion; and Foreign Revenue E-Collection – N30 billion; 65 per cent Wheat Floor Levy – N15 billion; 5.15 percent Wheat Grain Levy – N15 billion; and Rolled-Over Capital (unspent) – N5 billion.
The Senator disclosed that the balance of N722.40 billion is for procurement of additional security equipment and that capital supplementation would be sourced from new borrowing.
Barau explained that the committee, in line with the harmonised position with the House of Representatives committee, recommended an upward review of the funding of some security and anti-graft agencies that were grossly underfunded or not funded in the Supplementary Appropriation Bill.
The lawmaker listed the Nigerian Navy, Ministry of Police Affairs, Defence Intelligence Agency, Department of State Security Services (DSS) and Economic and Financial Crimes Commission (EFCC) as some of the agencies.
A breakdown of capital expenditure for Ministries, Departments and Agencies (MDAs) in the supplementary budget shows that N8,500,000,000 was approved for the Ministry of Police Affairs; N22,586,121,511 for Police Formations and Command; N33,673,461,231 for the Defence Headquarters; N207,543,863,993 for Nigerian Army; N157,780,421,836 for Nigerian Navy; N239,477,882,473 for Nigerian Air Force; N43,326,943,687 for Defence Space Administration; and N16,887,229,426 for the Defence Intelligence Agency.
Others are the Nigeria Security and Civil Defence Corps, N14,822,575,648; Office of the National Security Adviser , N17,000,000,000; Department of State Services, N17,500,000,000; National Intelligence Agency, N4,870,350,000; EFCC,N3,500,000,000; and National Agency For the Control of AIDS (NACA), N1,685,000,000.
The sum of N2,800,000,000 was approved for the Federal Ministry of Health while N6,715,338,874 was okayed for the procurement and installation of new oxygen plants nationwide and repairs of oxygen plants in the Federal Capital Territory (FCT) hospitals
Procurement of vaccines will gulp N60,728,332,500.
Senate President Ahmad Lawan has advised the Federal Government to sustain adequate funding of security agencies in next year’s budget
According to him, doing so remains a sure way to overcome the lingering security challenges faced by the country.
He explained that the amount passed in the supplementary Appropriation Bill 2021, was for the purpose of tackling insecurity across the country and procuring COVID-19 vaccines for Nigerians.
In the House, N74.773 billion was also approved for the Nigeria Police Trust Fund.by the members.
Its Appropriation Committee Chairman, Aliyu Betara, explained that the supplementary appropriation was aimed at making funds available for the military, COVID-19 programme and to provide additional funds for public service wage adjustment.
Betara said: “The committee made observations as highlighted in our report and took due notice of the proposal, particularly the submission by Ministry of Defence that their budget request is the minimum requirement to secure the country and to address the huge security challenges in the country.
The House asked the management of the trust fund to expedite action on the implementation of the 2021 budget for the enhancement of policing and tackling the security challenges in the country.