President Muhammadu Buhari is set to formally lay the N13.08 trillion budget proposal for the 2021 fiscal year before the joint session of the National Assembly.
The security operatives attached to the Presidency took over major entrances leading to the National Assembly complex.
President Buhari, who arrived at about 11.03 am, was accompanied by the Vice President, Prof. Yemi Osinbajo, Secretary to the Government of the Federation (SGF), Mr Boss Mustapha and some members of the Federal Executive Council (FEC).
According to the approved 2021-2023 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) approved by both Chambers, the parameters on which the 2021 budget include: $40 oil benchmark, N379 exchange rate, 1.86mbpd oil production and N4.28 trillion borrowing plan for Nigeria.
The total recurrent (Non-Debt) worth N5.67 trillion; Personnel Costs (MDAs and Government Owned Enterprises (GOEs) worth N3.76 trillion; Capital expenditure (excluding of transfers) stands at N3.56 trillion; Special Intervention (Recurrent) worth N350 billion while N20 billion was proposed as Special Intervention.
YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNE
Chief of Army Staff, Lt General Tukur Buratai has stressed that the Nigerian Army will continue to carry out its duties of tackling insurgency, banditry, criminalities and safeguarding the territorial integrity of the country without partiality.
Kwara State Government has presented letters of appointment to seven newly appointed third class and fourth class traditional rulers.
The official presentation followed the approval by Governor Abdulrahman Abdulrazaq after the ratification of same by the Kwara State Council of Chiefs.
Former Nigerian Ambassador to The Netherlands, Dr Olatokunbo Awolowo Dosumu, on Sunday, said that Nigerians are united in anxiety about the future of the country.
Awolowo Dosumu was one of the panelists who spoke on the theme: “Understanding Contemporary Nigeria- What Unites Us…
You may be interested
Monday EndSARS protest- questions Nnamdi Kanu must answer ~ By Ifeanyi Chijiokeadmin - October 25, 2020
<!-- Monday EndSARS protest- questions Nnamdi Kanu must answer ~ By Ifeanyi Chijioke - ElombahNews HomeAnalysisMonday EndSARS protest- questions Nnamdi…
One fear dead as hoodlums loot COVID-19 palliatives in Anambraadmin - October 25, 2020
FILE PHOTOOne hoodlum on Saturday evening feared dead, after he fell off the trailer conveying food items suspected to be…
#EndSars : ”At a point, the protests got out of control” – Williams Uchembaadmin - October 25, 2020
Popular Nollywood Actor, Philanthropist and Comedian, Williams Uchemba has bared his thoughts on the sad turn the #ENDSars protests took…