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Buhari Signs 2023 N21.8trn Budget Into Law

President Muhammadu Buhari on Tuesday signed into law the Appropriation Bill, 2023 totalling N21.83 trillion.

Buhari signed the bill at the Council Chambers of the State House in Abuja.

This development comes six days after the National Assembly passed the bill, which represents an increase of N1.32 trillion from the N20.51 trillion budget proposal of Buhari.

A breakdown of the budget indicated an allocation of N967.5 billion for statutory transfers, N6.6 trillion for debt servicing, N8.3 trillion for recurrent expenditure, and N5.9 trillion for capital expenditure.

The 2023 Appropriation Bill was deferred two weeks ago over what the Senate President described as problems discovered in it.

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