Senate passes N13.5trn 2021 budget

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

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.

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

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Details later…

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