- President Muhammadu Buhari has presented the proposed 2021 budget
- The president revealed that the sum of 128 billion has been allocated to the National Assembly
- Tagged the budget of economic recovery and resilience, it is aimed at consolidating on the dividends of the 2020 fiscal plan
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President Muhammadu Buhari on Thursday, October 8, presented the proposed 2021 budget of N13 trillion to the senators and members of the House of Representatives at the National Assembly (NASS) chamber in Abuja.
Just as the Senate president, Ahmed Ibrahim Lawan, revealed some days ago, President Buhari arrived the floor of the chamber for the presentation of the proposed budget.
According to the president, the budget has been themed the budget of economic recovery and resilience.
There was joy among lawmakers when President Buhari announced that the sum of 128 billion has been allocated to the NASS in the budget.
The president, for the first time, was reported to have made his way into the chamber of the NASS through the lower entrance of the zero floor, The Nation reports.
The Senate president, Ahmad Lawan, had announced that the budget, in line with the president's drive to ensure integrity and functionality in his administration, will be presented on Thursday.
Moreover, according to Channels TV, before the presentation, President Buhari is expected to give a breakdown of the performance of the 2020 budget.
The president, while noting that his administration did not relent on its effort at lifting Nigerians from poverty despite the harsh economic effect of COVID-19, stressed that he did much to deliver on key polices, programmes and projects
Also, senators are to pass the 2021-2023 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP).
In his speech, Lawan stated that the 2020 budget focused on the creation of jobs and economic stability, while that of 2021 is aimed at consolidating on the dividends of the 2020 fiscal plan.
Earlier, Legit.ng reported that all was set and ready at the National Assembly complex for the 2021 budget presentation by President Buhari.
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