Nigerian Senate passes 2019 budget

The Senate just passed the 2019 Appropriation bill. The chairman of the Committee on Appropriation bill Danjuma Goje, announced that the budget is increase to #8.91 trillion.

The figure increased by #86 billion, which is higher than what President Buhari presented to the joint session of the national assembly on December 19.

The Senate passed the budget with the breakdown as follows:

Statutory transfer – N502.58 .billion

Debt service – N2.25 trillion

Recurrent expenditure – N4.65 trillion

Capital expenditure – N2.94 trillion

The victims of Zamfara State crises were to be assisted with #10 billion and it should be added to the total figures.

Dr Bukola Saraki (the Senate President)  expressed his appreciation to his colleagues “I want to thank our colleagues, particularly for their understanding and for us to be able to meet today’s deadline in passing the Bill and thanks to the committee on appropriation too.

“I hope that with this Budget passed, the Executive will also ensure the full implementation of the Budget for the benefit of Nigerians as a whole”.

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