NEWS NEWSMAN INVESTIGATES

Buhari presents 2021 Budget, says Revenue Generation Remains his Biggest Challenge

NEWSMAN, Abuja – President Muhammadu Buhari has presented a 13.08 Trillion Naira 2021 budget to the National Assembly.

A breakdown of the budget revealed that N128 billion will be given to the National Assembly while N380.21b was proposed for the health ministry. N3.8 trillion has been allocated to all ministries departments and agencies for the execution of capital projects.

Buhari while presenting the budget before a joint session of the National Assembly on Thursday said revenue generation to fund annual budgets has been the greatest challenge facing his administration.

He also said supervising ministers had been ordered to ensure strict monitoring of revenue-generating agencies under their supervision, because according to the president, the Federal Government is spending more on recurrent expenditure.

Buhari blamed this on non-existent personnel (ghost workers) and unauthorised allowances introduced by Ministries, Departments, and Agencies, and ordered heads of the MDAs to get approval before any recruitment.

He also called on the National Assembly to pass the 2021 Budget on time to ensure early implementation from January 2021.

Earlier, President of the Senate, Ahmad Lawan, said the National Assembly is ready to pass the 2021 Appropriation Bill before the end of 2020, recalling that “the parliament had promised to pass the 2020 budget before the year ended and it was achieved”.

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