Breaking News! Senate Passes 2019 Budget, Raises Estimates By N10bn

The Senate has passed the 2019 Appropriation Bill, adding N10bn to the Service Wide Vote‎.

The national budget was consequently raised from N8.906tn to N8.916‎tn.

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 Senate President, Bukola Saraki, thanked his colleagues and charged the executive on implementation of the budget.

“We hope that with this budget passed, the executive will ensure full implementation for the benefit of all Nigerians,” he said.

Details later…

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