•Justifies why Mineral Resources Ministry was allocated extra N1trn
•Shares additional revenues to Banks of Agric, Industry, military, others
•Bagudu explains increment
•NASS promises to pass Appropriation Bill this month
•Opposition lawmaker kicks
Deji Elumoye, Sunday Aborisade and Dayo Akinwale in Abuja
President Bola Tinubu, yesterday, increased the appropriation bill for the 2025 fiscal year from N49.7 trillion to N54.2 trillion.
Tinubu announced the increment in separate letters, which he forwarded to both the Senate and the House of Representatives yesterday.
Minister of Budget and National Planning, Senator Atiku Bagudu, explained that the increment was to allow for the approval of more revenue to strengthen the Bank of Agriculture and Bank of Industry.
Bagudu said the increase was also to support the administration’s diversification programme by putting more money in the solid minerals sector as well as infrastructure…
Source: Thisday Newspaper
