Budget Size
National Assembly raises 2021 budget by N580 billion, approves N13.588 trillion
The two chambers of the National Assembly yesterday passed the 2021 Appropriation Bill, increasing the budget size from N13.08 trillion presented to them by President Muhamnadu Buhari 11 weeks ago to N13.588 trillion. The passage of the 2021 budget followed consideration and adoption of harmonised reports separately submitted to them by their Committees on Appropriation. The two chambers increased the 2021 budget by about N580 billion and pegged daily crude oil production at 1.86 million barrels per day, while oil benchmark price was fixed at $40 per barrel. They approved N379 to dollar as the official exchange rate while GDP growth rate was pegged at 3 per cent. Highlights of the report approved by the Senate showed aggregate expenditure to be N13,588,027,886,175, statutory transfer of N4...
Senator Lawan: Fresh mass protests inescapable if…
Senate President Ahmad Lawan has warned that Nigeria may not escape another mass demonstration in the mode of #EndSARS protest if the Federal Government fails to effectively address youth unemployment. Lawan gave the warning in Abuja yesterday at the 2021 budget defence of the Ministry of Agriculture. He urged the government to take practical steps in its 2021 budget to meaningfully engage the youths. “Our budget, especially for 2021, should be mindful of what we do to provide employment opportunities for these youths. “They demonstrated. They protested because they could do so. There are so many other people who may not be youthful but are also in the same need and they didn’t protest. “Let’s meet them where they are. We don’t have to wait until they also try to grumble or protest. We sho...
