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House of Reps jerks up 2021 budget by over N500bn

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2021 Budget: North East Debt Commission gets zero allocation for capital expenditure
President Muhammadu Buhari presenting the 2021 budget to the National Assembly.

***passes Appropriation Bill into law

***we ‘ve passed the budget in good time – Gbajabiamila

By Levinus Nwabughiogu-Abuja

The House of Representatives has increased the 2021 budget by over N500 billion.

It will be recalled that President Muhammadu Buhari on October 8, 2020, present a budget size of N13.08 trillion before a joint session of the National Assembly.

But having tinkered with the figures during the defence, the House eventually passed a total of N13,588,027,886,175 trillion in the Appropriation Bill which showed an increase of over N500 billion.

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Speaking immediately after the legislative exercise, speaker Femi Gbajabiamila said that bill was passed in good time to still achieve the January to December budget cycle.

Vanguard News Nigeria

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