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Blue Update

Nigerian Senate Passes N13.5trn 2021 BUDGET

The  Nigerian Senate has passed the 2021 budget totalling N13.5trn. The fiscal document is predicated on oil benchmark $40 per barrel, N3.324trn for debt servicing, N4.1trn for capital expenditure, N5.6 trillion for recurrent while N496 bn was earmarked for statutory transfer. The budget has an increment of N505bn. Recall that President Buhari presented a N13.082trn budget to National Assembly […]

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Blue Update

FG PROPOSES N12.7Trillion 2021 BUDGET.

The Federal Government has projected N12,658,009,802,283.00 as 2021 budget estimate. The government also projected N5.16trillion as budget deficit for 2021 up from N4.98trillion in the 2020 budget. This is contained in the Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) submitted to the Senate by President Muhammadu Buhari on Tuesday. The Federal Government also […]