The Senate has prolonged the life cycle of the 2023 supplementary budget from June 30 to December 31, 2024.
On Thursday the Red Chamber suspended all its rules and gave an expeditious passage to a bill seeking the extension in less than 20 minutes.
Earlier before the bill was passed, the lawmakers went into a closed-door for a period of two hours.
Both Chambers of the National Assembly extended the implementation period for the capital component of the budget in December 2023 which was from December 31, 2023, to March 31, 2024, along with the N2.17 trillion 2023 supplementary budget passed in November 2023.
In March, following requests made by President Bola Tinubu, both the Senate and the House of Representatives shifted the implementation period for the budgetary appropriations from March 31, 2024, up until June 30, 2024.
With just four days remaining until the June 30, 2024, deadline for the affected 2023 budgetary appropriations, the two chambers cut short their recess to hold separate sessions for Thursday (today) to consider further extensions ahead of the former set resumption date of July 2, 2024.
