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President Muhammadu Buhari has proposed a budget of N8.83 trillion for 2019.
The president presented the budget at a joint session of the National Assembly on Wednesday. The proposed budget shows that about a quarter of the sum (N2.14 trillion) will be used for debt servicing while capital expenditure is expected to gulp N2.031 trillion.
See more breakdown below.
Recurrent – N4.04 trillion
Debt service – N2.14 trillion
Statutory transfer – N492.36 billion
Sinking fund – N120 billion
Capital expenditure – N2.031 trillion
However, the President while addressing the joint session listed the achievements of his administration and was interrupted intermittently by protesting parliamentarians.
As he mentioned each achievement, they chorused, ‘No!’ The development forced the All Progressives Congress lawmakers to clash as the opposition lawmakers booed the President.
When he said, “We have weathered the storms and made progress on every front,” They screamed, “Nooooo! Boooo!”
When he said, “The economy has recovered well,” the lawmakers screamed again.
Buhari who was displeased with the development was forced to say, “The world is watching us and we are supposed to be above this.”
The protesters however continued, particularly when Buhari said his administration had made success in its anti-corruption campaign.
