BREAKING: Senate Passes N13.5trn 2021 Budget

Admin 21-Dec-2020 Breaking_News, National_Assembly

Morenike Bailey

The Senate at a special plenary Monday passed the 2021 budget totalling N13.5trn.

The document is predicated on an oil benchmark of $40 per barrel, N3.324trn for debt servicing, N4.1trn for capital expenditure, N5.6 trillion for recurrent, N496 bn for statutory transfer.

It has an increment of N505bn.

The President, Major General Muhammadu Buhari (retd.), had presented N13.082trn to National Assembly on 8 October.

Details later…

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