BREAKING: Senate Passes N13.5trn 2021 Budget

The Senate at a special plenary on Monday December 21 passed the 2021 budget totalling N13.5trn.

Lovetvnews reports that the fiscal document is predicated on oil benchmark $40 per barrel, N3.324trn for debt servicing, N4.1trn for capital expenditure, N5.6 trillion for recurrent, N496 bn for statutory transfer.

It has an increment of N505bn.

This TV news medium understands that PresidentG Muhammadu Buhari, presented N13.082trn to National Assembly on October 8.

Details later…