President Muhammadu Buhari has sent to the National Assembly a supplementary budget of N819.5 billion.
This was contained in a letter read on the floor of the House of Representatives, by the Speaker, Mr Femi Gbajabiamila.
The supplementary budget, according to the letter is intended to address food security in the aftermath of devastating floods across the country, as well as damage to road infrastructure and water sectors.
The supplementary budget, is also, according to the letter based on the need to complete ongoing critical Federal Government projects such as dams and irrigation projects.
” The year 2022 has witnessed the worst flood incidents recent history, which has caused massive destruction of farmlands at a point already close to harvest season. This may compound the situation of food, security and nutrition in this country. The flood also devastated roads infrastructure across the thirty six states and affected several sections of major roads and bridges nationwide that are critical to movement of goods and services. The water sector was equally affected by the flood and there is the news to complete some ongoing critical projects that have achieved about 85% completion”. The letter read.
The letter was referred to the House Committee on Appropriation.