The National Assembly has passed the 2021 budget raising the proposed estimate of N13.082 trillion to N13.588 trillion.
This is an increase of N505 billion from the proposed figures presented by the executive.
The fiscal document is predicated on oil benchmark $40 per barrel, N3.324trillion for debt servicing, N4.1trillion for capital expenditure, N5.6 trillion for recurrent, N496 billion for statutory transfer. The fiscal document is predicated on oil benchmark $40 per barrel, N3.324trillion for debt servicing, N4.1trillion for capital expenditure, N5.6 trillion for recurrent, N496 billion for statutory transfer.
President Muhammadu Buhari had submitted a N13.082 budget to a joint session of the National Assembly on October 8th, 2020.
The 2021 budget is christened the budget of economic recovery and resilience aimed at accelerating the pace of Nigerian economic recovery, promote diversification, enhance competitiveness, and ensure social inclusion.
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