The 2023 Appropriation Bill has deferred two weeks ago over what the Senate President described as problems discovered in it.
President Muhammadu Buhari has 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 indicates 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 has deferred two weeks ago over what the Senate President described as problems discovered in it.
The 2023 budget of N21.83 trillion maintained the recurrent expenditure at approximately N8.27 trillion, while capital expenditure increased from N5.35 trillion to N5.9 trillion and debt servicing also increased from N6.31 trillion to N6.6 trillion
