Buhari signs 2021 appropriation bill into law
President Mohammadu Buhari has signed the 2021 Appropriation Bill into law.
The brief signing was done inside on Thursday in the President’s office at the Presidential Villa, Abuja.
The 2021 Appropriation Bill was passed Last Monday by the National Assembly raising the total estimates from the proposed N13.08trn to N13,588,027,886,175, an increase of over N500bn.
Out of the total sum of N13.59tn for 2021, N496.53bn is for statutory transfers; N3.32tn is for debt service; N5.64tn is for recurrent (non-debt) expenditure; while the sum of N4.13trn is for capital expenditure.
While statutory transfers totalling N496.53bn were approved, it was observed that the N125bn proposed for the National Assembly and its affiliates had been raised by N8.99bn, putting the new total estimates at N133.99bn.
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