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Just in: Senate passes N13.5trn 2021 budget

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

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.

The President, Major General Muhammadu Buhari (rtd.), presented N13.082trn to National Assembly on October 8.

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