The Presidency has announced that President Buhari will today December 31, 2020 sign into law the 2021 appropriation bill which was passed last week by the National Assembly.
The legislators had approved N13.6 trillion (13,588,027,886,107) against the N13.08 trillion proposed by the president in October.
The lawmakers added N505 billion to the proposed budget.
The lawmakers had admonished the president to submit a supplementary Appropriation Bill whenever it deems fit in view of the increasing global oil prices beyond the benchmark of $40.
This, they said, is in order to fund critical areas that will help bring the nation out of its current state of recession.
The Vice President Yemi Osinbajo, Senate President Ahmad Lawan, Speaker Femi Gbajabiamila of the House of Representatives, principal officers of National Assembly and chairmen of the appropriations committees of both chambers are expected to attend the event.
Others are members of the Federal Executive Council (FEC) expected to grace the occasion, include the Minister of Finance, Budget, and National Planning, Hajiya Zainab Ahmed, Minister of State, Budget and National Planning, Clement Agba, Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, and Director General, Budget Office, Ben Akabueze among others.
Senator Babajide Omoworare, Senior Special Assistant (SSA) to the President on National Assembly (Senate) and Umar El Yakub, his counterpart in the House of Representatives will be presenting the 2021 budget to President Buhari.