Latest: House Reps pass N13.6trn 2021 appropriation Bill
Nasir Sambo
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As the Senate passes the 2921 appropriation bill with an increase of almost N500b, the lower Chamber, the House of Representatives in a similar show of solidarity to the executive have also passed the 2021 budget. The House while passing the bill have increased President Buhari’s submission to N13.6 trillion. The figures will be harmonize by both chambers before transmitting it to the president for assent. DESERT HERALD reports that development happens on Monday at the National Assembly chambers in Abuja. The passage followed the adoption of a report by the House Committee on Appropriation, laid by its Chairman, Rep Aliyu Betara (APC-Borno) at the Committee of Supply. He said the Bill is to authorise the issue from the Consolidated Revenue Fund of the Federation the sum of N13,588,027,886,175 of which N496.5 billion is for statutory transfers He added that N3.3 billion is for debt servicing, while N5.6 trillion is for recurrent non-debt expenditure. Betara added that N4.1 trillion is for contribution to the Development Fund for capital expenditure for 2021. President Muhammadu Buhari presented a budget of N13.08 trillion to the joint session of the National Assembly on Oct. 8. Speaker of the House of Representatives, Femi Gbajabiamila, said that 9th National Assembly passed the budget in record time to keep to the promise made during its inauguration. “We will maintain this tempo so that our successors can continue from where we stopped,’’ he said. The House adjourned it plenary session to Jan. 26, 2021.  ReplyForward |
