President Muhammadu Buhari has presented a supplementary budget to the National Assembly in which he sought the approval of N164bn out of the N242bn budgeted for the 2019 general elections.
Buhari said the Independent National Electoral Commission and security agencies would need N242bn for the elections, asking the legislature to provide N164bn through virement in the 2018 budget or supplementation, while the balance of N78bn would be covered by the 2019 budget.
Buhari, in his letter to the National Assembly, titled, ‘Request for virement and supplementary 2018 budget,’ specifically asked the legislature to re-allocate part of the N578bn voted to the projects inserted into the 2018 Appropriation Act by the lawmakers to fund the elections and critical infrastructure.
The President specifically asked the legislature not to increase the current size of the 2018 Appropriation Act from N9.21tn but to vire N228bn from the N578bn to the elections as well as the critical projects as earlier proposed by the executive in the 2018 Appropriation Bill.
President of the Senate, Bukola Saraki, read the proposal at the plenary on Tuesday