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Just in: Pres. Buhari signs N21.8trn 2023 Appropriation Bill

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President Muhammadu Buhari has assented the 2023 Appropriation Bill of N21.83 trillion.

He signed the bill at the Council Chambers of the State House, Abuja.

The assent comes six days after the National Assembly passed the bill, which represents an increase of N1.32 trillion from the N20.51 trillion budget.

A breakdown of the budget shows N967.5 billion for statutory transfers, N6.6 trillion for debt servicing, N8.3 trillion for recurrent expenditure, and N5.9 trillion for capital expenditure.

The budget passage suffered a set back two weeks ago over what the Senate President, Dr Ahmad Lawan, described as errors discovered in proposal.

Details later…..

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See also  My apologies for excruciating hardships, pains I have caused you, outgoing Pres. Buhari tells Nigerians

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