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