Nigeria’s House of Representatives Tuesday passed a sum of N8,916,964,099,373 appropriation bill for the year 2019.
The country’s upper legislative chamber, Senate, had earlier passed the same amount as against the N8.83 trillion proposed by President Muhammadu Buhari.
A breakdown of the 2019 budget shows that N502,058,892,965 is for Statutory Transfers; N2,254,014,113,092 is for Debt Servicing; N4,055,940,383,684 is for Recurrent Expenditure; and N2,094,950,709,632 is for Capital Expenditure.
NAIJAPARRY understands that the budget covers N10 billion Special Intervention Fund meant for re- building Zamfara state, in the aftermath of bandits attacks.
Speaker of the House, Yakubu Dogara, pledged that the “bill be enacted as an Act of the National Assembly of the Federal Republic of Nigeria.”
President Buhari presented the N8.83bn to a joint session of the National Assembly in December, 2018.