The Senate has extended the capital component of the 2022 budget’s implementation from March 31 to June 30, 2023.
The extension came in response to President Muhammadu Buhari’s request that the Senate amend the time for implementation of the capital component of the 2022 Appropriation Act, which was moved at plenary by Senate Leader Senator Ibrahim Gobir (APC – Sokoto East).
The Upper Chamber suspended relevant standing rules in order to read the Bill a first, second, and third time.
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Gobir explained that the extension will allow the government to complete ongoing projects critical to the current administration as well as implement key projects in the capital component of the 2022 budget.
“You will recall that the National Assembly extended the implementation of the 2022 Appropriation Act from December 31, 2022 to March 31, 2023,” he said.
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