News
Senate Passes 2021 Budget
The Senate has passed the sum of 13.588 trillion as budget for the 2021 fiscal year; increasing it by N505 billion.
The Appropriation Bill was passed by the Senate on Monday after Jibrin Barau, Chairman of the Committee on Appropriation, presented a report.
“That the impact of COVID-19 has affected all facets of life. There is a remarkable increase in Nigeria’s oil price. In view of increasing oil prices, the executive may wish to submit a supplementary bill to lift the country out of recession,” the Kano senator said.
With the increase in the total budget size, the capital expenditure is now N4.125 trillion. The sum of N3.324 trillion was earmarked for debt service and the sum of N5.641 trillion was voted for recurrent (non-debt expenditure).
-
News1 week agoEmir of Ilorin: Video Circulating To Denigrate Timi’s Stool, Interpreted In Bad Faith – Palace
-
News4 weeks agoFUHSI’s Growth In Infrastructure Phenomenal – Bisi Akande
-
News4 weeks agoEtsu Nupe Urges Couple To Prioritise Relationship, As Ede Poly Rector Hands Daughter In Marriage
-
Crime2 weeks agoJust In: US govt returns $52.88m linked to ex-Petroleum Minister, Diezani
-
News4 weeks agoLet’s Imbibe The Spirit Of Love At Christmas – Timi of Ede
-
News4 weeks agoYuletide: Ede Poly Rector, Man Yahaya Felicitates Christians
-
News3 weeks ago2025: A New Dawn, A Brighter Tomorrow – Baba Adeen Osun
-
News4 weeks agoBe Optimistic In Trial – Odelade