President Muhammadu 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.
Vice President Yemi Osinbajo, Senate President Ahmad Lawan, Speaker of the House of Representatives Femi Gbajabiamila, Minister of Finance Zainab Ahmed, and Secretary to the Government of the Federation Boss Mustapha, were present during the signing of the budget.