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Senate passes 2021 Appropriation Bill of N13.5trn

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The Senate on Monday passed the 2021 Appropriation Bill of N13.5 trillion.

This followed the adoption of the report of Senate Committee on Appropriations at plenary.

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, N496 bn for statutory transfer.

It has an increment of N505bn.

It would be recalled that President Muhammadu Buhari  on October 8, presented the 2021 budget of N13.08 trillion to the joint session of the National Assembly for approval.

About Charles Igbinidu

Charles Igbinidu is a Public Relations practitioner in Lagos, Nigeria

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