The House of Representatives has passed the 2023 Appropriation Act (Amendment) Bill 2024 and the 2023 Supplementary Appropriation Act (Amendment) 2024. Both bills seek to extend the implementation period for key aspects of the 2023 budget.
Specifically, the capital aspect of the 2023 Appropriation Act will now run until December 31, 2024, instead of the initial June 30 deadline. Similarly, the implementation of the 2023 Supplementary Appropriation Act has been extended to the same date.
President Bola Tinubu presented these bills to the parliament, emphasizing the need to complete ongoing projects.
However, some lawmakers expressed concerns about managing multiple budgets concurrently. Despite differing opinions, the House ultimately voted in favor of the extensions.
The Senate had previously extended the life cycle of the 2023 supplementary budget to December 31, 2024, highlighting its security-related importance.
