The Senate Monday passed the sum of N13.5 trillion appropriation bill for 2021 fiscal year. The red chamber made an upward review of the Budget by N5.05 billion from the N13.08 trillion presented by President Muhammadu Buhari in October. The passage of the budget was sequel to the consideration of …
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The Nigeria’s Federal Ministry of Industry, Trade and Investment is allocated N51 billion fo capital projects in the 2021 fiscal year, President Muhammadu Buhari on Thursday told a joint session of the National Assembly in Abuja. Other key capital spending allocations in the 2021 Budget include Power: N198 billion (inclusive …
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Nigeria’s President Muhammadu Buhari Thursday presented the 2021 budget to a joint session of the legislatures in Abuja.The budget amounts to N13.08 trillion is anchored on oil benchmark price of $40 per barrel with recurrent expenditure of N5.65 trillion, personnel cost of N3.76 trillion and Debt Service of N3.12 trillion. …
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The federal government has proposed the sum of N12.66trillion as aggregate expenditure for 2021 on a deficit of N5.16 trillion to be financed by total loan packages of N4.28 trillion. The proposals as contained in the 2021- 2023 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) forwarded to the …
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