President Muhammadu Buhari has sent a N819.5 billion Supplementary Appropriation Bill for 2023 to the National Assembly.
Femi Gbajabiamila, the Speaker of the House of Representatives, read the content of the cover letter on the bill to members on Wednesday.
Buhari said the additional demand for the amount for next year was due to the devastation caused by floods on farmlands and roads.
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According to him, Nigeria witnessed the worst flood incidents in recent history.
The flooding had caused massive destruction of farmlands.
He said that the country now risked food insecurity.
The President added that the floods also affected several roads and bridges across the federation.
The supplementary budget got to the federal parliament barely 24 hours before the passage of the 2023 budget.
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