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President Bola Tinubu’s request to extend the capital component of the 2023 Appropriation Act and the Supplementary Appropriation Act until 31 December has been passed and approved by the House of Representatives on Thursday.
Tinubu’s request was approved after the House had entered a closed-door session amid serious opposition from some lawmakers.
Speaker, Tajudeen Abbas, had also read a letter containing Tinubu’s request to the lawmakers during the plenary session.
Read Also: Halal Economy: FG Set To Exploit $7trn Global Market
In the letter which was read by Tajudeen, Tinubu had reiterated that the extension would allow his administration to implement the two budgets fully.
The request involves extending the lives of N21.8 trillion 2023 Budget and the N2.17 trillion 2023 Supplementary Budget.
The N27.5 trillion 2024 Budget is also running concurrently with them.
Opposition to the request by some lawmakers led to the House going into a rowdy session and a closed-door meeting.
Upon resumption of plenary from the closed-door session, the Speaker said the concerns of the opposing lawmakers were discussed and he would present them to Tinubu.
The bill was subsequently given a speedy passage through the first, second and third reading stages within 20 minutes.
In another news, the Federal Government of Nigeria has revealed that on Wednesday, they will be launching a comprehensive strategy to position the country as a leading player in the Halal economy.
The project has been revealed to be a part of initiatives to diversify the economy and tap into the burgeoning global Halal market — products and services that meet Islamic standards of permissibility and embodies ethics, integrity, and universal values — that resonate across cultures and regions.
Speaking on Monday ahead of Wednesday’s Halal Stakeholders Engagement Programme billed to hold at the State House Conference Centre in Abuja, the Special Assistant to the President on Export Expansion, (Office of the Vice-President), Aliyu Bunu Sheriff, said the initiative will bring together government agencies, private sector leaders and international partners with a view to capitalizing on Nigeria’s position as the eighth-largest domestic Halal economy globally.
