Politics

Obi Knocks Supplementary Budget

The presidential candidate of the Labour Party in the last February 25 presidential election, Peter Obi, has faulted the 2023 supplementary budget, saying its proof that the Federal Government is uncaring and insensitive to the needs of the masses.

Obi lamented that the budget didn’t capture the “pressing national needs and emergencies” in the country. President Bola Tinubu on Wednesday, signed the 2023 supplementary appropriation bill of N2.17 trillion into law.

On October 16, 2023, the Minister of Budget and National Planning, Abubakar Bagudu, said the largest chunk of N605 billion was earmarked for security, to further enhance the capacity of the armed forces and security agencies to address current and emerging security challenges nationwide.

Other items include N5.5 billion for the student loan scheme and over N616 billion in wage awards for civil servants to augment the heightened cost of living post-subsidy.

Meanwhile, the Senate, on Wednesday, said it would investigate the purchase of the N5 billion presidential yacht and the circumstances surrounding it

The resolution was made known by the Senate Committee on Navy, chaired by the Senator representing the All Progressives Congress, Ogun East, Gbenga Daniel.

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