The Nigerian Senate has agreed to pass the appropriation bill of N13.588 trillion 2021 into law. This is N505 billion higher than the proposed N13.082 trillion Buhari presented to the Senate in October for 2021 budget.
This was disclosed by the Nigerian Senate in a statement during plenary session on Monday.
The passage follows the report of the Senate Committee Chairman on Appropriation, Senator Jibrin Barau.
It will be recalled that President Muhammadu Buhari on 8th October, 2020 presented the budget estimates to a joint sitting of the National Assembly.
“Our infrastructure decay has been on the increase. I am very much impressed with the way and how this Budget has addressed our problems. I want to support and to urge my dear colleagues that we pass this budget.”
Senate President, Ahmed Lawan, said the Senate worked hard to “meet the deadline of passing the 2021 Budget before we go on Christmas break.”
The 2021 budget passed by the Senate is an increase of 31.9% from the approved N10.3 trillion FGN budget for 2020.
