The federal executive council (FEC) has approved the submission of a supplementary budget of over N2 trillion to the national assembly.
The council gave the approval on Monday at its weekly meeting presided over by President Bola Tinubu.
At its last meeting, FEC had proposed the sum of N26 trillion for the 2024 budget, which will be submitted to the national assembly before December 31.
Atiku Bagudu, minister of planning and budget, said the council had approved the 2024-2025 medium-term expenditure framework (MTEF) and fiscal strategy papers (FSP) at the FEC held last Monday in Abuja.
The national assembly’s approval of the supplementary budget will increase the country’s total budget to N28 trillion.