News

President Buhari Presents the 2019 Budget At The National Assembly

President Buhari Presents the 2019 Budget At The National Assembly

President Buhari presents the 2019 budget at the National AssemblyPresident Muhammadu Buhari has presented N8.83trillion budget proposal for 2019 to a joint session of the National Assembly, NASS.

Buhari was accompanied to the National Assembly by Vice President Yemi Osinbajo and members of the Federal Executive Council, FEC, on Wednesday.

Loud ovation and encomiums heralded Buhari’s arrival to the joint session with shouts of “Sai Baba’’ as he waved to the crowd.

Senate President Bukola Saraki and Speaker of House of Representatives Yakubu Dogara jointly presided over the joint session, with Saraki introducing the ceremony, Premium Times reports.

The proposed budget shows that about a quarter of the sum (N2.14 trillion) will be used for debt servicing while capital expenditure is expected to gulp N2.031 trillion.

See more breakdown below.

Recurrent – N4.04 trillion

Debt service – N2.14 trillion

Statutory transfer – N492.36 billion

Sinking fund – N120 billion

Capital expenditure – N2.031 trillion

President Buhari Presents the 2019 Budget At The National Assembly

Recent Posts

“So, He Has a Wife and Children” – Beautiful Pictures of Actor Uzor Arukwe Family Surface Online

Nollywood actor Uzor Arukwe has been making waves with his standout performance in Omoni Oboli’s romantic drama, Love in Every… Read More

9 hours ago

Asake’s Family Drama Intensifies as Man Reveals How His Mother Abandoned Him at Age 3 To Remarry

Nigerian Afrobeats sensation Asake has once again found himself at the center of controversy after a Nigerian man publicly alleged… Read More

11 hours ago

Businesswoman Cries Out as NAFDAC Allegedly Raids and Loots Her Boutique

A Nigerian businesswoman has been left in tears and distress after officials of the National Agency for Food and Drug… Read More

11 hours ago

Singer Rema Debunks Claims Of Being Illuminati Member

Rema, discussed strange online rumors about himself in an interview with Rolling Stone. He has faced accusations of being part… Read More

1 day ago

Donald Trump Caught Off Guard As Boom Mic Accidentally Strikes His Face

A video on social media shows a surprising incident involving the US President during a press briefing. The event took… Read More

1 day ago

Isaac Fayose Gives N500k To Asake’s Father

Isaac Fayose comments on the controversy surrounding singer Asake and his father. Emphasizes the importance of kindness and compassion in… Read More

1 day ago

This website uses cookies.