PMB concludes arrangement to send a supplementary budget to National Assembly

The Special Adviser to the President on Media and Publicity, Mr. Femi Adesina, disclosed this to our correspondent on Sunday.

Adesina was answering questions on what the Federal Government would do since it had exhausted its borrowing limit in the 2015 budget and the Debt Management Office had continued to issue fresh government bonds and treasury bills.

The presidential spokesman said the Ministry of Finance had already prepared a letter to be sent to the National Assembly, suggesting a supplementary budget for the country.

He said the President was expected to sign the letter once he returns to the country from New York where he is currently attending the 70th United Nations General Assembly.

He said the supplementary budget, once approved, would then empower the DMO.

“A letter has been written to the National Assembly suggesting a supplementary budget and the President will sign the letter when he returns to Nigeria,” he said.