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Sunday, October 24, 2021

Senate passes 2021 budget of N13.5tr

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The Senate on Monday passed the 2021 budget of N13.5trillion.

The budget was predicated on an oil benchmark of $40 per barrel.

In the budget, N3.324trillion has been set aside for debt servicing, N4.1trillion for capital expenditure, N5.6 trillion for recurrent spending, and N496 billion for statutory transfer.

Details later…

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