Nexit News: Reps pass Supplementary Budget, No Nexit N-power on Budget. See Reasons.
It furthered that the disbursement of the NEXIT Loan would commence this week as soon as the bill is passed.
However, the Supplementary Budget of N895.8bn passed the second reading, Wednesday, but centered on Health and Insecurity.
The session for the passage of the bill was presided over by the Speaker, Rep. Femi Gbajabiamila.
The Leader of the House, Rep. Alhassan Ado-Doguwa, while leading debate on the general principles of the bill, said the two main expenditure heads were Health and Insecurity.
Ado-Doguwa explained that under health, the focus of the budget was the procurement of adequate vaccines to vaccinate the majority of Nigerians against the spread of COVID-19.
The leader also said additional funding was proposed in the budget to tackle insecurity, particularly the war against insurgency in the North-East, kidnapping, and banditry.
He urged members to support the speedy passage of the bill, considering the urgency of the issues it proposed to address.
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A breakdown of the supplementary budget shows that N173.445bn is earmarked for recurrent expenditure, while N722.396bn is for capital expenditure.
Countless inundating rumors have also made mendacious claims which were purported as the official statements of the Honourable Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouk.
The Portal https://nexit-fmhds.cbn.gov.ng for the Registration of the NEXIT plan went offline in May 2021. To date, no official statement has been made over the deactivation of the portal.
Minister Farouk has however in an event captured in Daily Trust stated that her ministry has concluded with the 500,000 Batch A and B N-power beneficiaries, noting that all outstanding payments to have been cleared which le focus is on the enrolment of the Batch C N-power Beneficiaries.
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