According to the minister for Budget as well as Economic Planning, Atiku Bagudu, the electoral umpire is expected to receive money from the N2.1 trillion 2023 budget supplementary.
The elections are scheduled for November 11, 2023. According to the Ministry of Budget and Economic Planning Atiku Bagudu, the electoral umpire is expected to receive the funds from the N2.1 trillion supplementary Budget for 2023.
Bagudu was speaking on Monday in his office at the State House in Abuja in the wake of his participation in the Federal Executive Council (FEC) meeting that took place that same day.
"Equally, N18 billion was provided for the Independent National Electoral Commission to support them in the conduct of the Bayelsa, Kogi and Imo elections," He said.
In his opinion, the reason for the approval of the additional Budget was to deal with pressing issues.
The minister said FEC "approved the amount of N2,176,791,286,033 for a supplementary budget and that this Budget will be used to finance critical issues, including N605 billion to support national security and defense.
"This is to sustain the gains made in security and to accelerate and these are funds that are needed by the security agencies before the year runs out."
It was agreed that the Federal Government would pay N35,000 per month to approximately 1.5 million employees working for the Federal Government for September, November, October, and December 2023.
"And it amounts to approximately N210 billion, which was accepted, and N400 billion for Cash Transfers.
"You could recall when the Federal Government secured a $800m loan from the World Bank to pay cash transfers of N25,000 for 15 million families—the loan of $800 million covers two months, between October and the month of November.