Monday, January 18, 2021

Breaking: President Buhari signs budget N13, 588trn 2021

Must Read

Music, my calling, pursue your dream of excelling, Philkeyz charges the youth

Philip Ahaiwe Chukwuka, a Nigerian music sensation, record producer, and performer, has said that people will excel in their...

COVID-19 vaccines do not contain microchips, they alter DNA – PTF

Dr. Faisal Shuaib, executive director of the National Primary Health Care Development Agency (NPHCDA), has rejected speculations that the...

Judges charged with taking over ECOWAS Court relocation contracts

Archive image of the ECOWAS parliament.By Victoria Ojeme The proposed relocation of the administrative offices of the ECOWAS Court of...
President Buhari signs the 2021 appropriation bill in the State House on December 31, 2020

President Muhammadu Buhari on Thursday in Abuja signed the 2021 appropriation bill of N13,588,027,886,175 into law.

The president’s action followed earlier approval of the bill by the National Assembly on December 21 during an emergency session called for the purpose of passing the budget.

The signing of the budget is also in line with the president’s promise to return the nation to the budget circle from January to December.

The budget estimate was increased by the sum of N505, 607,317,942 from the estimate of N13, 082, 420, 568,233 presented to the joint session of the National Assembly by President Buhari on October 8, 2020.

The signed budget includes a total Capital Supplement of N1,060,751,051,650.

The legal transfer amounts to N496,528,471,273; Recurring expenditure of N5,641,970,060,680 and growth rate of Gross Domestic Product (GDP) of 3.00 percent.

It also provides N3,324,380,000 trillion for debt service, while N5,641,970,060,680 is for recurring expenses; and N4,125,149,354,222 for Capital Expenditures.

The president also enacted the Finance Act of 2020.

Among those who witnessed the signing of the budget are the Vice President, Yemi Osinbajo, the President of the Senate, Ahmad Lawan, and the Speaker of the House of Representatives, Femi Gbajabiamila.

Others in the Council Chamber were the Secretary of the Federation Government, Boss Mustapha, some cabinet ministers and some senior government officials (NAN).

- Advertisement -

Latest News

Music, my calling, pursue your dream of excelling, Philkeyz charges the youth

Philip Ahaiwe Chukwuka, a Nigerian music sensation, record producer, and performer, has said that people will excel in their...

COVID-19 vaccines do not contain microchips, they alter DNA – PTF

Dr. Faisal Shuaib, executive director of the National Primary Health Care Development Agency (NPHCDA), has rejected speculations that the COVID-19 vaccines planned in the...

Judges charged with taking over ECOWAS Court relocation contracts

Archive image of the ECOWAS parliament.By Victoria Ojeme The proposed relocation of the administrative offices of the ECOWAS Court of Justice to the Gudu area...

We never agreed to resume school on January 18 – FG

Minister of Education, Malam Adamu Adamu, Abuja Education Minister Adamu Adamu also clarified that the Federal Government had reservations about the resumption of...

Top 10 Nigerian Players Abroad For The Weekend

By Emmanuel Okogba Below is a list of the top ten top performing Nigerian players overseas for the weekend of 01/15/17Simeon...
- Advertisement -

More Articles Like This

- Advertisement -