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Buhari Signs 2021 Budget Finance Bill Into Law

President Muhammadu Buhari on Thursday signed the 2021 budget and the finance bill into law at the Council Chambers of the State House in Abuja.

This comes ten days after both chambers of the National Assembly passed the N13.5trn budget and three days after it was transmitted to the President for assent.

President Buhari presented the proposed 2021 budget to the National Assembly on October 8.

The National Assembly, while approving the proposal on December 21, raised the estimate of N13.082 trillion to N13.588 trillion.

This was an increase of N505 billion from the proposed figures presented by the Buhari administration.

The budget signing is to ensure a January to December budget calendar.

President Muhammadu Buhari, flanked by Vice President Yemi Osinbajo (L) and Senate President Ahmed Lawan (R), signed the 2021 budget into law on December 31, 2020. Credit: Bayo Omoboriowo/State House
President Muhammadu Buhari, flanked by Vice President Yemi Osinbajo (L) and Senate President Ahmed Lawan (R), signed the 2021 budget into law on December 31, 2020. Credit: Bayo Omoboriowo/State House

It is tagged the budget of economic recovery and resilience and, according to the president, is critical for the legacy of this administration in ensuring security, economic growth, and implementing health and emergency measures to counter the spread of the COVID-19 pandemic.

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