Buhari signs 2021 budget of N13.59tn

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.

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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