The Nigerian Senate on Monday passed the 2021 Appropriation Bill of N13.5 trillion.
This followed the adoption of the report of Senate Committee on Appropriations at plenary.
Recall that President Muhammadu Buhari had on Oct. 8, presented the 2021 budget of N13.08 trillion to the joint session of the National Assembly for approval.
The fiscal document is predicated on oil benchmark $40 per barrel, N3.324trn for debt servicing, N4.1trn for capital expenditure, N5.6 trillion for recurrent, N496 bn for statutory transfer.
It also has an increment of N505bn.