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).
-
News3 weeks agoObaship: Moro Chiefs, Community Members Reject Imposition of Prince Adebayo
-
News2 weeks agoAPC Leaders, Afenifere Chieftains, Others Attend Hon. Balogun Father’s Burial
-
News2 weeks ago2024 Intercollegiate Games: Ede Poly wins Gold, Silver
-
News3 weeks agoOsun: Adeleke’s Projects Cosmetic, Misplaced Priorities – ex-Federal Lawmaker
-
Crime3 weeks agoUK to Deport Nigerian Pastor Tobi Adegboyega Over Alleged £1.87m Fraud
-
News1 week agoAkol Felicitates Gen. Adeniran, Osun APC Woman Leader, Kamil Oloyede On Birthday
-
News4 weeks agoPort Harcourt Refinery Commences Crude Oil Processing
-
Crime2 weeks agoDele Farotimi Returns To Prison As Court Adjourns Bail Ruling To December 20