N2.74tn security budget low –Reps panel

The Chairman of the House of Representatives Committee on Defence, Babajimi Benson, has said the N2.74tn budgeted for security in the 2023 Appropriation Act is inadequate.

He said the entire Federal Government budget with estimates totalling N21.83tn was insignificant when converted to United States dollars.

Benson, who is representing Ikorodu Federal Constituency in Lagos State at the House, said the capital component of the security budget, especially for the armed forces, should be pulled out of the current envelope budget system.

The lawmaker said this on Tuesday while featuring on ‘Your View’, a current affairs programme on TVC.

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