President Muhammadu Buhari made this known when he presented the 2021 budget proposal of N13.08trillion to the National Assembly in Abuja on Thursday.“We remain committed to meeting our debt service obligations.“Hence, we have provisioned N3.12 trillion for this in 2021, representing an increase of N445.57 billion from N2.68 trillion in 2020.
On the breakdown of the budget, Buhari said N3.85trillion had been earmarked for Capital Expenditure. Others are N25 billion for the Nigeria Youth Investment fund; N336 billion for 60 Government-Owned Enterprises; N247 billion for the capital component of Statutory Transfers; and N710 billion for projects funded by Multi-lateral and Bi-lateral loans.
Buhari stated that the capital expenditure in 2021 remains focused on the completion of as many ongoing projects as possible, rather than the commencement of new ones.`’Power: N198 billion ; Works and Housing: N404 billion; Transportation: N256 billion; Defence: N121 billion; Agriculture and Rural Development: N110 billion; Water Resources: N153 billion and Industry, Trade and Investment: N51 billion.
“I will be providing the National Assembly a list of some of the most critical projects which we must work collectively to ensure they receive adequate funding.
Afar tweet something on EndSarsProtests abi no reply from the government
🍁
Doom
Buhari, this is evil