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Buhari signs 2021 budget of N13.59tn

Ehime Alex by Ehime Alex
December 31, 2020
in BUSINESS & ECONOMY, Front Page
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Rep passes N13.6tn budget for 2021
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Nigeria’s President, Muhammadu Buhari, on Thursday, signed the ‘2021 Appropriation Bill’ of N13,588,027,886,175 into law.

The National Assembly had on December 21 passed the bill, increasing the budget by N505,607,317,942.

A breakdown of the budget showed a total capital supplementation of N1.06tn; statutory transfer of N496.53bn; recurrent expenditure of N5.64tn and capital expenditure of N4.12tn

It also provided a N3.32tn for debt servicing while the gross domestic product growth rate was put at three per cent.

Tags: 2021 budget of N13.59tnAppropriate billRecurrent expenditure

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Ehime Alex

Ehime Alex

Ehime Alex reports the Capital Market, Energy, and ICT. He is a skilled webmaster and digital media enthusiast.

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