In a bid to ensure a January to December budget calendar, President Muhammadu Buhari on Thursday signed the 2021 budget into law at the Council Chambers of the State House in Abuja.
The president signed the 2021 Appropriation Bill of N13,588,027,886,175 which is N505 billion higher from the initial figures presented by the president on October 8.
The National Assembly had in a special joint session last Monday passed the budget for the 2021 fiscal year.
The 2021 budget tagged “the budget of economic recovery and resilience and, according to the president, is critical for the legacy of this administration in ensuring security, economic growth, and implementing health and emergency measures to counter the spread of the COVID-19 pandemic.
Out of the total sum of N13.59tn for 2021, N496.53bn is for statutory transfers; N3.32tn is for debt service; N5.64tn is for recurrent (non-debt) expenditure; while the sum of N4.13trn is for capital expenditure.
The National Assembly on Monday at a special plenary session passed the 2021 Budget totalling N13.588 trillion, N505 billion higher than the proposed figures presented by President Muhammadu Buhari. The President had on October 5, 2020 submitted a budget termed ‘budget of economic recovery and resilience’ of N13.082 trillion to…
The 2021 Supplementary Appropriation Bill has passed second reading at the House of Representatives. The money bill of N895.842billion was passed on Wednesday during plenary by a session presided over by the Speaker, Rep. Femi Gbajabiamila. The Leader of the House, Rep. Alhassan Ado-Doguwa, while leading debate on the general…
The National Assembly says details of the 2016 budget it recently passed would be ready in the next two weeks. This followed a disclosure by the Presidency that President Muhammadu Buhari has failed to assent the budget because he was waiting for the main document passed by the National Assembly.…
