Buhari signs Nigeria’s 2021 budget into law
The signing was done at the Presidential Villa in Abuja on Thursday.
QueenEsther Iroanusi covers the National Assembly for PREMIUM TIMES. She is a 2018 Female Reporters Leadership Programme fellow of the Wole Soyinka Centre for Investigative Journalism. She has a degree in French. She can be reached on Twitter @QueenExtha
The signing was done at the Presidential Villa in Abuja on Thursday.
The legislators had approved N13.6 trillion (13,588,027,886,107) against the N13.08 trillion proposed by the president in October.
About a quarter of Nigeria's 2021 budget will be funded by loans.
The approval comes despite the Senate's vow not to approve a budget for the NDDC until its board is constituted.
The amount for capital expenditure was increased from N3.6 trillion to N4.1 trillion.
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The entire process of the passage of the legislation took only two weeks.
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The budget approval was a sequel to the consideration of the report of the Senate Committee on FCT.
The bill seeks to create a financial system that will facilitate and improve credit repayment and streamline loan recovery.
The House of Representatives last week summoned President Buhari over the security situation.
The ministers failed to turn up at an investigative hearing on diving operations in the oil and gas industry.
The speedy passage of the Finance Bill 2020, the Senate President says, is due to its importance.
David Apasera, a former Ghanaian lawmaker, also speaks on his chances of victory in the election.
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The confirmation is for a second and final term.
“We believe in greater state directions and control in the affairs of the economy.”
Mahmood Yakubu is being screened by the Senate for a second term as INEC chairman.
Mr Buhari had announced his decision to reappoint Mahmood Yakubu as INEC boss.
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All content is Copyrighted © 2024 The Premium Times, Nigeria