A Bill for an Act to amend the 2020 Appropriation Act to extend implementation of its capital component to March 31, 2021 has passed second and third reading at the Senate.
This followed the adoption of a motion by the Senate Leader, Sen. Abdullahi Yahaya (APC-Kebbi) at the plenary on Wednesday.
Yahaya, in his lead debate, noted that the call for extension of the capital component of the budget was to enable Ministries, Departments and Agencies (MDAs) to fully utilise the funds released to them for the execution of capital projects.
He said that the extension would also help to stimulate the nation’s economy, given the impact of the COVID-19 pandemic on the economy.
Senators Alero Adamu (APC-Kebbi) and Kabiru Gaya (APC-Kano) supported the bill, saying that the move would help to reflate the economy.
