This figure is an increase from 2019 allocation to both chambers — an amount of which N35 billion went to the Senate, and N57 billion to the House of Representatives.
The aggregate expenditure proposed by Mr Buhari on behalf of the Federal Government in the budget submitted is N10.3 trillion, of which N2.5 trillion will be used to service debt, an accumulation of loans and other borrowings the government has accrued over the years. Statutory transfers are funds meant for government agencies whose allocations are given top priorities when funds are being disbursed, ahead of Ministries, Agencies and Departments.Non-debt recurrent expenditures — which are operation cost like salaries, subsidies, grants, etc — was put at N4.8 trillion and provision for Sinking Fund to retire maturing bonds issued to local contractors is N296 billion.
What are they buying for National Assembly pls
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