Breakdown of Nigeria’s 2021 National Budget of $35 Billion

Updated Dec 21 2020: The Nigerian Senate has passed the appropriation bill of N13.588 trillion (about $35 billion), which is N505 billion higher than the proposed N13.082 trillion Buhari presented to the Senate in October for 2021 budget. The Senate disclosed here. Oct 8, 2020 Nigeria’s president, Muhammadu Buhari, has presented the 2021 national budget estimate to the National Assembly. The proposed expenditure is N13.08 trillion (about $34 billion). The price of crude oil is pegged at $40 per barrel with a daily production estimate of 1.86 million barrels. Recurrent expenditure is N5.65 trillion; personnel cost is N3.76 trillion, and … Continue reading Breakdown of Nigeria’s 2021 National Budget of $35 Billion