It follows a political row in 2021 – the year of the centenary – when Sinn Féin opposed the proposal by unionist parties
Sinn Féin MLA John O'Dowd blocked the initial request at the Assembly Commission, the body which manages Stormont.
In a joint statement, DUP leader Sir Jeffrey Donaldson, UUP leader Doug Beattie and TUV leader Jim Allister welcomed the approval. The unionist leaders said the stone, which will be in the shape of a map of Northern Ireland, will be mounted on a Portland stone plinth, on a raised area to the west of Parliament Buildings.
Since last year the DUP has been blocking Stormont power-sharing in protest against Brexit's Northern Ireland Protocol.
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