FEC Approves 895.84 Billion Naira Supplementary Budget For Covid-19, Military

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THE Federal Executive Council, FEC, Wednesday approved the draft 2021 supplementary budget of N895,842,462,917.

The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, disclosed this while briefing State House correspondents at the end of the Council meeting presided over by President Muhammadu Buhari at the presidential villa, Abuja.

The Minister explained that the budget was principally for the procurement of equipment for the military and COVID-19 vaccines.

She said that it contains an aggregate sum of N770.60 billion to further enhance the capacity of the defense and the security agencies to address current and emerging security challenges in our country.

She further explained that a total of N83.56 billion expenditure was set aside in the budget for COVID-19 vaccine programme, covering 30 million vaccines from Johnson and Johnson and the logistics costs related to the deployment of the vaccines.

The Minister said N40 billion was earmarked to take care of the needs for allowances to the health, education sectors and other wage related issues, adding that N1.69 billion was for the Nigeria Comprehensive AIDS Programme.

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