Nigeria FG Prepares Supplemental Budget Due to Depreciation and Rising Inflation.

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Due to a further weakening of the naira and soaring inflation, which have rendered the 2023 budget unaffordable, the Federal Government may submit a supplemental budget to the National Assembly.”

Now, the National Assembly is expected to contribute little to the budget estimates that Mr. President has presented. Due to the difficulties with the national currency, it is unlikely that the National Assembly will make any significant changes to the 2023 budget.

“The president is constitutionally authorized to formulate and offer to the National Assembly, a supplementary budget. A separate budget This 9th Assembly has always favorably regarded such a request; as it did in the 2022 budget year. 

Another House member who oversees the budget indicated that MPs will not make decisions solely on the media.


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