President Muhammadu Buhari has marked the 2021 Appropriation Act. President Buhari signs 2021 Budget
Buhari formally marked the record at a function held in the Presidential Villa, Abuja. President Buhari signs 2021 Budget
The National Assembly had on December 21, 2020, passed the 2021 Appropriation Bill with a total consumption of N13, 588, 027,886, 175 trillion.
It contains absolute Capital Supplementation of N1,060,751,051,650 and complete Capital Expenditure of N4,125,149,354,222, Statutory Transfer remains at N496,528,471,273; repetitive Expenditure of N5,641,970,060,680 and Gross Domestic Product, GDP development pace of 3.00 Percent.
The National Assembly additionally gave the amount of N3,324,380,000 trillion for obligation adjusting.
The parliament expanded the spending gauge by the amount of N505, 607,317,942 from the gauge of N13, 082, 420, 568,233 introduced to the joint sitting of National Assembly by President Buhari on October 8, 2020.
Present to observe the function were Vice President Yemi Osinbajo; President of the Senate, Ahmad Lawan; Speaker, House of Representatives, Femi Gbajabiamila; Secretary to Government of the Federation (SGF), Boss Mustapha; Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed among other government authorities.