President Buhari presents 2021 budget estimates of N13trn to National Assembly

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President Muhammadu Buhari, on Thursday presented the 2021 budget estimates of N13trn to the joint session of the 9th National Assembly.

The presentation which started at 11.22 am lasted for about one hour.

Relative to the last budget proposal, the President was only accompanied to the National Assembly by Vice President Yemi Osinbajo, and a few ministers, while the others participated virtually.

According to Senate President Ahmed Lawan, the new arrangement became necessary in order to maintain social distancing during the presentation, as a result of the COVID-19.

  He noted that while the 2020 budget focused on job creation and economic stability among other things, the 2021 budget is targetted at the consolidating on the of gains on the 2020 budget.

He assured President Buhari that the National Assembly will work hard to pass the appropriation bill into law before the end of the year.

“… The National Assembly is again ready to pass the 2021 budget before the end of the year by the grace of God.

“This is to continue to enable the executive to enhance productivity and efficiency in the management of our resources.

: We can all bear witness to the effects of the early passage of the budget to our economy,” noted the Senate President. 

Addressing the federal lawmakers, President Buhari noted that the Nigerian economy is currently facing serious challenges due to the global COVID-19 pandemic..

He, however, said that the government will not relent on its effort at poverty alleviation and job creation, one of which included the Public Works Programme.

The President added that despite the challenges, the government had delivered on key polices, programmes and projects

Details later

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