President Bukhari signs the Appropriation Law for 2021

President Bukhari signs the Appropriation Law for 2021

Nigeria’s number one man, President Muhammadu Bukhari, signed the Appropriation Act for 2021 on Thursday, The PUNCH reported.

The brief signing ceremony took place at the presidential office at the presidential villa in Abuja.

Last Monday, the National Assembly approved a $ 13.58 trillion budget for the next fiscal year.

The current regime wanted to return the country’s budget to the cycle from January to December.

This was achieved with the 2020 budget and Bukhari signed the document on December 17, 2019.

This was confirmed by today’s signing.

On Monday, the National Assembly approved the 2021 budget bill, increasing the total estimate from the proposed NOK 13.08 trillion. Up to NOK 13,588,027,886,175

On October 8, 2020, the President presented the cash bill ahead of the joint meeting of the National Assembly.

The Senate and House Appropriation Committees prepared a consensus report in their chambers, while the National Assembly held special sessions primarily to approve the national budget ahead of the Christmas and New Year holidays.

Of the total amount of 13.59 trillion. For 2021, 496.53 billion – for legal transfers; N3.32tn – for debt service; N5.64tn – for current expenses (not debt); while the amount of N4.13 trillion is intended for capital expenditures.

Although compulsory transfers totaling NN 496.53 billion were approved, it was noted that the proposed NN 125 billion for the National Assembly and its branches was increased by NN 8.99 billion. , which gives new total estimates of 133.99 billion N.

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