The National Assembly will be funded with N128 billion as stated in the 2021 budget, this is as President Muhammadu Buhari admitted that the Federal G
The National Assembly will be funded with N128 billion as stated in the 2021 budget, this is as President Muhammadu Buhari admitted that the Federal Government is spending more on recurrent expenditure.
Buhari, while presenting a record 13 trillion naira budget for 2021 to a joint session of the National Assembly on Thursday, noted that personnel cost is still the largest component of budget expenditure. The spending plan is about 21% rise from the revised 2020 spending plan of 10.8 trillion naira. The budget assumes crude production of 1.86 million barrels a day and an oil price of $40 per barrel with the exchange rate at N379 to $1, Buhari said.
The President blamed this on non-existent personnel (ghost workers) and unauthorised allowances introduced by Ministries, Departments, and Agencies, He, therefore, ordered heads of the MDAs to get approval before any recruitment.
President of the Senate, Ahmad Lawan, had said the National Assembly is ready to pass the 2021 Appropriation Bill before the end of 2020. Lawan made this known in his opening remarks before Buhari was called to lay the national budget before the joint session of the National Assembly.
The Senate President recalled how the parliament promised to pass the 2020 budget before the year ended, which was achieved.
“The National Assembly is ready to pass the 2021 budget before the end of the year, by the grace of God,” Lawan said.
