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    Buhari Signs N982.7 billion Supplementary Budget into Law

    Julius AlagbeBy Julius AlagbeJuly 26, 2021Updated:October 11, 2025 News No Comments2 Mins Read
    Buhari Signs N982.7 billion Supplementary Budget into Law
    President Muhammadu Buhari
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    Buhari Signs N982.7 billion Supplementary Budget into Law

    Nigeria’s President, Muhammadu Buhari, Monday signed the N982.7 billion supplementary budget for the fiscal year 2021 spending into law. The Presidency presented the budget to the National Assembly to address urgent security and COVID-19 needs of the nation.

    In a swift, the lawmakers approved the addition after it passed through the Federal Executive Council for executives deliberations.

    Malam Garba Shehu, the president’s Senior Special Assistant on Media and Publicity, who confirmed this in a statement, said the president commended the National Assembly for speedy passage of the Bill for the supplementary budget.

    According to the presidential aide, N123.3 million of the budget will go for recurrent (non-debt) expenditure, while N859.3 billion is for contribution to the Development Fund for capital expenditure for the year ending on Dec. 31.

    He said the president assured that the executive arm of government would ensure the timely delivery of capital projects to achieve the laudable objectives of the budget.

    Those who witnessed the signing of the supplementary budget included Vice-President Yemi Osinbajo, Secretary to the Government of the Federation, Boss Mustapha and the Chief of Staff to the President, Prof. Ibrahim Gambari.

    Others were the Director-General, Budget Office of the Federation, Ben Akabueze and Senior Special Assistant to the President on National Assembly Matters (House), Hon. Umar el-Yakub.

    Meanwhile, the president has also, at an earlier date, signed the Orthopaedic Hospitals Management Board (Amendment) Act, 2021.

    The Act amends the Orthopaedic Hospitals Management Board Act Cap. 010 Laws of the Federation of Nigeria, 2004.

    Read Also: Senate Approves N983Bn Supplementary Budget

    The law, according to Shehu, provides for the establishment of the Orthopaedic Hospital Jos, under the control of the Orthopaedic Hospitals Management Board affiliated to the University of Jos Teaching Hospital to provide specialised Orthopaedic treatment and medical services.

    Buhari Signs N982.7 billion Supplementary Budget into Law

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    Julius Alagbe
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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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