President Muhammadu Buhari has presented a N13 08 Trillion 2021 budget estimate to a joint session of the National Assembly. The proposed expenditure is estimated with a crude oil benchmark price of $40 per barrel. The budget contains recurrent expenditure of N5.65 trillion, personnel cost of N3.76 trillion and Debt Service of N3.12 trillion. Statutory transfers has been put at N484.4 billion while Pension, Gratuities & Retirees Benefits was put at N500.19 billion. A projected inflation rate of 11.95 per cent and GDP growth rate of 3.00 per cent was…
Read MoreBUHARI PRESENTS N13 TRILLION 2021 BUDGET TO NATIONAL ASSEMBLY
