The National Assembly on Tuesday approved the N213 billion virement request by President Muhammadu Buhari.
Recall that the House of Representatives increased the N180 billion virement sought for Buhari to fund critical recurrent and capital items by N28 billion, taking it to N208.821billion.
The president had written the National Assembly on October 26, seeking for the approval of the legislature to vire N180.8 billion from the funds appropriated for special intervention in the 2019 budget.
In banking and finance, virement is an administrative transfer of funds from one part of a budget to another.
The Senate gave the approval during the plenary on Tuesday.
While the President requested for the virement of N180.8bn from the funds appropriated for Special Intervention (Capital and Recurrent), the House of Representatives, which is concurrently working on the request, had raised it to N208bn, while the Senate jacked it up to N213bn.
The virement is to fund critical recurrent and capital items in the budget, according to Buhari in his letter to both chambers of the National Assembly.
