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Before transmitting the 2021 budget to President Muhammadu Buhari, the National Assembly added several controversial projects, as well as increased and slashed the budget of some ministries, departments and agencies (MDAs), a PREMIUM TIMES appraisal of the budget has shown.
The 2021 budget proposed by President Buhari to the lawmakers was N13.08 trillion. But upon passage, federal lawmakers used their legislative powers over the budget to up the bill to N13.6 trillion, an increment of over N500 billion.
By this increase, the legislators made the proposal larger than the actual estimates. They also inserted new, controversial projects to the budget, numbering over 1000.
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The National Assembly on Monday passed the 2021 Appropriation Bill, raising the total estimates from the proposed N13.08tn to N13,588,027,886,175, an increase of over N500bn.
The President, Major General Muhammadu Buhari (retd.), had on October 8, 2020, laid the money bill before a joint session of the National Assembly.
Both the Senate and the House of Representatives Committees on Appropriations had laid a harmonised report in the respective chambers as the National Assembly held special sessions mainly to pass the national budget ahead of the Christmas and New Year break.
Out of the total sum of N13.59tn for 2021, N496.53bn is for statutory transfers; N3.32tn is for debt service; N5.64tn is for recurrent (non-debt) expenditure; while the sum of N4.13tn is for capital expenditure.