President Buhari has signed the 2021 Appropriation Bill of N13,588,027,886,175 into law. The president signed the budget at the Council Chambers of the State House, Abuja on Thursday morning, December 31.
The National Assembly had on December 21, 2020, passed the 2021 Appropriation Bill with an aggregate expenditure of N13, 588, 027,886, 175 trillion.
It comprises total Capital Supplementation of N1,060,751,051,650 and total Capital Expenditure of N4,125,149,354,222, Statutory Transfer stands at N496,528,471,273; recurrent Expenditure of N5,641,970,060,680 and Gross Domestic Product, GDP growth rate of 3.00 Percent.
The Vice President Yemi Osinbajo, Senate President Ahmad Lawan, Speaker Femi Gbajabiamila of the House of Representatives, principal officers of National Assembly and chairmen of the appropriations committees of both chambers are expected to attend the event.
Others are members of the Federal Executive Council (FEC) expected to grace the occasion, include the Minister of Finance, Budget, and National Planning, Hajiya Zainab Ahmed, Minister of State, Budget and National Planning, Clement Agba, Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, and Director General, Budget Office, Ben Akabueze among others.
Senator Babajide Omoworare, Senior Special Assistant (SSA) to the President on National Assembly (Senate) and Umar El Yakub, his counterpart in the House of Representatives will be presenting the 2021 budget to President Buhari.
By Jide N.