The N819.5 billion Supplementary Budget for 2022 was approved by the National Assembly on Wednesday.
President Muhammadu Buhari pushed for the approval of a supplemental budget that would be paid for with new domestic borrowing.
Following severe floods that swept the nation, the additional budget will address issues with food security as well as damage to the water and transportation systems.
The additional borrowing required to pay the supplementary budget will push the overall budget deficit up to N8.17 trillion.
The supplementary budget was proposed for approval by the Senate by the Finance Committee. The Ministry of Agriculture, Water Resources, the FCT, and Works is covered by the supplemental budget.
The Ministry of Agriculture would receive N69 billion, the Ministry of Water Resources N15.5 billion, the FCT N30 billion, and the Ministry of Works and Housing N704 billion, according to a breakdown of the Supplementary Budget.