Nigerian Senate passes N13.5trn 2021 budget
Posted 12 months ago
The Nigerian Senate has passed the 2021 budget totalling N13.5trn. The fiscal document is predicated on oil benchmark $40 per barrel, N3.324trn for debt servicing, N4.1trn for capital expenditure, N5.6 trillion for recurrent while N496 bn was earmarked for statutory transfer.
Initially President Buhari presented a N13.082trn budget to National Assembly on October 8 the budget has an increment of N505bn currently been included in it
This will be the biggest national budget the Nigeria as a country has ever passed and hopes are high as Nigerian citizen are expecting accountable and precise use of the budget in achieving the goals the budget as listed in.
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