In a significant legislative move, the House of Representatives has successfully passed the Supplementary Appropriation Bill, allocating funds for vital sectors aimed at enhancing the nation’s welfare and development. Honourable Terseer Ugbor, a respected member of the House, representing Kwande/Ushongo Federal Constituency took to social media to announce the positive development.
Honourable Ugbor shared the news via Twitter, stating,
“Today, we passed the Supplementary Appropriation Bill to spend on palliatives, security, roads, agriculture, housing, etc.” The bill’s provisions encompass a wide array of sectors crucial for the country’s progress, including initiatives for agriculture, infrastructure, and social welfare.
Today, we passed the Supplementary Appropriation Bill to spend on palliatives, security, roads, agriculture, housing etc. We also increased the budget for students loans from N5.5Billion to N10Billion to start up, which I am particularly proud of. It can only get better. TU. pic.twitter.com/V7XMFpkfrL
— Rep. Terseer Ugbor (@TerseerUgbor) November 2, 2023
Significant Increase in Student Loans Funding
One of the highlights of the Supplementary Appropriation Bill is the substantial increase in funding for student loans. Ugbor proudly announced,
“We also increased the budget for student loans from N5.5 billion to N10 billion to start up, which I am particularly proud of.”
This increase demonstrates the government’s commitment to investing in education and empowering the youth with accessible financial support for their studies.
Ugbor expressed optimism about the nation’s future, stating, “It can only get better.” The passage of the Supplementary Appropriation Bill signifies a step forward in addressing various socio-economic challenges and promoting growth across key sectors. With increased funding for education, infrastructure, and social welfare, Nigeria is poised to witness positive changes that will benefit its citizens and contribute to national progress.
Many citizens have expressed hope for positive outcomes stemming from these allocations, anticipating improved infrastructure, enhanced agricultural practices, and increased access to education and housing opportunities. Read Similar Story
