President Muhammadu Buhari signs 2019 National Budget
President Muhammadu Buhari on Monday at the State House in Abuja signed the 2019 Nigerian national budget of N8.91 trillion into law.
According to report, National Assembly leaders including President of the Senate, Bukola Saraki and Speaker of the House of Representatives, Yakubu Dogara were in attendance for the signing ceremony.
The N8.91 trillion national budget was passed on April 30 by the lawmakers after increasing it by about N90.3billion.
A breakdown of the 2019 budget as approved by the National Assembly include the capital expenditure of N2.09trillion, recurrent expenditure of N4.05trillion, statutory transfers of N502billion, fiscal deficit of N1.9trillion, and special intervention of N500billion.
The lawmakers also approved a debt service of N2.25trillion. Report also states that N1.7trillion was approved for domestic debts, while the sum of N433billion was provided for foreign debts.
