The 2021 Appropriation Bill of N13.08 trillion on Thursday scaled Second Reading in Senate. This followed a three- day debate on the general principles of the budget of “Economic Recovery and Resilience” presented to a joint session of the National Assembly last week Thursday.
During the period, Senators took turns to appraise the strengths and weaknesses of the Bill. Some Senators were particularly worried about the amount for debt service in the 2021 budget put at N3.124trillion and the proposal to finance the budget deficit through borrowing to the tune of N5.20trillion.
Details shortly…