Wednesday, June 9, 2021

FEC okays N895.5bn supplementary budget for military, COVID-19 .


The Federal Executive Council (FEC), on Wednesday, approved the draft 2021 supplementary budget of N895,842,462,917.The minister of finance, Mrs Zainab Ahmed, disclosed this while briefing correspondents at the end of the meeting presided over by President Muhammadu Buhari at the presidential villa, Abuja.


The budget is principally for the procurement of equipment for the military and COVID-19 vaccines.

The minister revealed that it contains an aggregate sum of N770.60 billion to further enhance the capacity of the defence and the security agencies to address current and emerging security challenges in our country.

A total of N83.56 billion expenditure is set aside in the budget for the COVID-19 vaccine programme, covering 30 million vaccines from Johnson and Johnson and the logistics costs related to the deployment of the vaccines.

Similarly, it has a N40 billion provision to take care of the needs for allowances to the health, education sectors and other wage-related issues.

There is also N1.69 billion for the Nigeria Comprehensive AIDS Programme.

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