Reps rush through passage of 2021 Budget, MTEF Before embarking on holiday

Reps rush through passage of 2021 Budget, MTEF Before embarking on holiday
Join @Naijakit On Telegram For Instant Updates (Click Here)

OVERVIEW OF: Reps rush through passage of 2021 Budget, MTEF Before embarking on holiday

Reps Rush Through Passage Of 2021 Budget, Mtef Before Embarking On Holiday

The House of Representatives on Monday passed the N13.58 trillion budget for 2021 before embarking on its Christmas/New Year holiday, to maintain the January 1st to December 31st fiscal cycle.

The green chamber also passed the 2021-2023 Medium Term Expenditure Framework.

It will be fair to describe the process as ‘rushing through ‘ as the Presiding officer, Femi Gbajabiamila did not even allow the usual practice of giving a synopsis of the report.

The budget was passed following the consideration of the report of the National Assembly Joint committee on Appropriations laid by the Chairman of the House Committee on Appropriation, Mustapha Batera.

A total of N505,607,317,874 was added to the amount proposed by the Executive–N13.08 trillion and presented by President Muhammadu Buhari on the 8th October, 2020.

The exchange rate benchmark was pegged at N379/$ and crude oil production at 1.86 million barrels per day (including 400,000 barrels of condensate) at $40 per barrel, as proposed by the executive.

The breakdown of the budget as passed by the House is as follow, “Statutory transfer – N496,528,471,273, Debt service; N3,324,380,000,000, recurrent expenditure; N5,641,970,060,680, capital expenditure;N4,125,149,354,222 and fiscal deficit; N5,196,007,992,292.”

The bill was also passed through third reading before adjourning for the year.

Speaking at the end of the plenary, the Speaker, Femi Gbajabiamila said that despite the hit against the Nigerian economy, Nigeria is doing better than most countries.

He praised the members of the National Assembly for the passage of the 2021 bill to continue the January-December budget cycle.

Following the bill passage, the House has now adjourned its sittings until the 26th of January, 2021.


Naijakit TV


Write a Comment


*NOTE:* You Need To Provide a Valid Phone Number Incase we want to reach you back. or you want us to contact you back.. Via your comment.. Thanks, Your Comment is important to us!

Download Latest Naija Song And Naija Music Download on This Website. Also Read All Naija Entertainment and Celebrity Gossip and Nollywood News on Naijakit.com

Latest Naija Music, Latest Music, Download Latest Music, Download New Songs, Download Latest Wizkid Songs Mp3, , Download Latest Olamide Songs Mp3, Download Latest Tiwa Savage Songs Mp3, Download Latest Burna Boy Songs Mp3, Download Latest Naira Marley Songs Mp3, Download Latest Rema Songs Mp3, Download Latest Fireboy Songs Mp3, Download Latest Fireboy DML Songs Mp3, Download Latest Nigeria Songs Mp3, Latest Nigeria Music, 9jakit, Niger kit, 9ja kit, Nigerkit, Latest DJ Mixtape, Download DJ Mix, Download Latest Songs Mp3, Download Latest Music Mp3, Latest Songs, Latest Video, Download Latest Video, Download Latest Songs Audio Mp3, Latest Olamide Album Download, Olamide Album, Download Olamide Album, Latest WIzkid Album Download, Wizkid Album, Download Wizkid Album, Latest Burna Boy Album Download, Burna Boy Album, Download Burna Boy Album, Latest Naira Marley Album Download, Naira Marley Album, Download Naira Marley Album, Latest Rema Album Download, Rema Album, Download Rema Album, Latest Fireboy DML Album Download, Fireboy DML Album, Download Fireboy DML Album, Download Latest Davido Songs Mp3, Latest Davido Album Download, Davido Album, Download Davido Album, Download Davido Album, Download Latest Bad Boy Timz Songs Mp3, Latest Bad Boy Timz Album Download, Bad Boy Timz Album, Download Bad Boy Timz Album, Latest Bad Boy Timz Album Download, Bad Boy Timz Album, Download Bad Boy Timz Album, Download Latest Tems Songs Mp3, Latest Tems Album Download, Tems Album, Download Tems Album, Latest Tems Album Download, Tems Album, Download Tems Album, Download Latest Teni Songs Mp3, Latest Teni Album Download, Teni Album, Download Teni Album, Download Latest Dbanj Songs Mp3, Latest Dbanj Album Download, Dbanj Album, Download Dbanj Album, Latest Dbanj Album Download, Dbanj Album, Download Dbanj Album, Download Latest Oladips Songs Mp3, Latest Oladips Album Download, Oladips Album, Download Oladips Album, Download Latest Mayorkun Songs Mp3, Latest Mayorkun Album Download, Mayorkun Album, Download Mayorkun Album, Latest Mayorkun Album Download, Mayorkun Album, Download Mayorkun Album, Download Latest Nicki Minaj Songs Mp3, Download Latest Nicki Minaj Songs Mp3, Latest Nicki Minaj Album Download, Nicki Minaj Album, Download Nicki Minaj Album, Latest Nicki Minaj Album Download, Nicki Minaj Album, Download Nicki Minaj Album, Download Latest Shatta Wale Songs Mp3, Latest Shatta Wale Album Download, Shatta Wale Album, Download Shatta Wale Album, Latest Shatta Wale Album Download, Shatta Wale Album, Download Shatta Wale Album, Download Latest Burna Boy Songs Mp3, Latest Burna Boy Album Download, Burna Boy Album, Download Burna Boy Album, Latest Burna Boy Album Download, Burna Boy Album, Download Burna Boy Album, Download Latest Naira Marley Songs Mp3, Latest Naira Marley Album Download, Naira Marley Album, Download Naira Marley Album, Latest Naira Marley Album Download, Naira Marley Album, Download Naira Marley Album, Download Latest Peruzzi Songs Mp3, Latest Peruzzi Album Download, Peruzzi Album, Download Peruzzi Album, Latest Peruzzi Album Download, Peruzzi Album, Download Peruzzi Album, Download Latest Mohbad Songs Mp3, Latest Mohbad Album Download, Mohbad Album, Download Mohbad Album, Latest Mohbad Album Download, Mohbad Album, Download Mohbad Album, Download Latest Lil kesh Songs Mp3, Latest Lil kesh Album Download, Lil kesh Album, Download Lil kesh Album, Latest Lil kesh Album Download, Lil kesh Album, Download Lil kesh Album, Download Latest C Blvck Songs Mp3, Latest C Blvck Album Download, C Blvck Album, Download C Blvck Album, Latest C Blvck Album Download, C Blvck Album, Download C Blvck Album, Download Latest C Black Songs Mp3, Latest C Black Album Download, C Black Album, Download C Black Album, Latest C Black Album Download, C Black Album, Download C Black Album, Download Latest Jhybo Songs Mp3, Latest Jhybo Album Download, Jhybo Album, Download Jhybo Album, Latest Jhybo Album Download, Jhybo Album, Download Latest Barry Jhay Songs Mp3, Latest Barry Jhay Album Download, Barry Jhay Album, Download Barry Jhay Album, Latest Barry Jhay Album Download, Barry Jhay Album, Download Barry Jhay Album, Download Latest Seyi Vibez Songs Mp3, Latest Seyi Vibez Album Download, Seyi Vibez Album, Download Seyi Vibez Album, Latest Seyi Vibez Album Download, Seyi Vibez Album, Download Seyi Vibez Album, Download Latest Mr Benson Songs Mp3, Latest Mr Benson Album Download, Mr Benson Album, Download Mr Benson Album, Latest Mr Benson Album Download, Mr Benson Album, Download Mr Benson Album, Download Latest Zlatan Songs Mp3, Latest Zlatan Album Download, Zlatan Album, Download Zlatan Album, Latest Zlatan Album Download, Zlatan Album, Download Zlatan Album,Download Latest Small Doctor Songs Mp3, Latest Small Doctor Album Download, Small Doctor Album, Download Small Doctor Album, Latest Small Doctor Album Download, Small Doctor Album, Download Small Doctor Album, Download Latest Zinoleesky Songs Mp3 , Latest Zinoleesky Album Download, Zinoleesky Album, Download Zinoleesky Album, Latest Zinoleesky Album, Zinoleesky Album, Download Zinoleesky Album, Download Latest Lyta Songs Mp3, Latest Lyta Album Download, Lyta Album, Download Lyta Album, Latest Lyta Album, Lyta Album, Download Lyta Album, Download Latest Orezi Songs Mp3, Latest Orezi Album Download, Orezi Album, Download Orezi Album, Latest Orezi Album, Orezi Album, Download Orezi Album, Download Latest Dotman Songs Mp3, Latest Dotman Album Download, Dotman Album, Download Dotman Album, Latest Dotman Album, Dotman Album, Download Dotman Album, Download Latest Selebobo Songs Mp3, Latest Selebobo Album Download, Selebobo Album, Download Selebobo Album, Latest Selebobo Album, Selebobo Album, Download Selebobo Album, Download Latest Oritse Femi Songs Mp3, Latest Oritse Femi Album Download, Oritse Femi Album, Download Oritse Femi Album, Latest Oritse Femi Album, Oritse Femi Album, Download Oritse Femi Album, Download Latest Yonda Songs Mp3, Latest Yonda Album Download, Yonda Album, Download Yonda Album, Latest Yonda Album, Yonda Album, Download Yonda Album, Download Latest Rexxie Songs Mp3, Latest Rexxie Album Download, Rexxie Album, Download Rexxie Album, Latest Rexxie Album, Rexxie Album, Download Rexxie Album, Download Latest Adekunle Gold Songs Mp3, Latest Adekunle Gold Album Download, Adekunle Gold Album, Download Adekunle Gold Album, Latest Adekunle Gold Album, Adekunle Gold Album, Download Adekunle Gold Album, Download Latest Simi Songs Mp3, Latest Simi Album Download, Simi Album, Download Simi Album, Latest Simi Album, Simi Album, Download Simi Album, Download Latest Chinko Ekun Songs Mp3, Latest Chinko Ekun Album Download, Chinko Ekun Album, Download Chinko Ekun Album, Latest Chinko Ekun Album, Chinko Ekun Album, Download Chinko Ekun Album, Download Latest Falz Songs Mp3, Latest Falz Album Download, Falz Album, Download Falz Album, Latest Falz Album, Falz Album, Download Falz Album, Download Latest Bella Shmurda Songs Mp3, Latest Bella Shmurda Album Download, Bella Shmurda Album, Download Bella Shmurda Album, Latest Bella Shmurda Album, Bella Shmurda Album, Download Bella Shmurda Album, Download Latest Danny S Songs Mp3, Latest Danny S Album Download, Danny S Album, Download Danny S Album, Latest Danny S Album, Danny S Album, Download Danny S Album, Download Latest Danny S Songs Mp3, Latest Danny S Album Download, Danny S Album, Download Danny S Album, Latest Danny S Album, Danny S Album, Download Danny S Album, Download Latest Dice Ailes Songs Mp3, Latest Dice Ailes Album Download, Dice Ailes Album, Download Dice Ailes Album, Latest Dice Ailes Album, Dice Ailes Album, Download Dice Ailes Album