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Buhari Signs 2023 Budget of N21.83 Trillion into Law

Muhammad A. Aliyu
By Muhammad A. Aliyu
Published: January 3, 2023
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President Muhammadu Buhari has signed into law a budget of N21.83 trillion ($57.5 billion) for 2023.

Buhari signed the bill on Tuesday at the Council Chambers of the State House in Abuja.

The budget, which was passed by the National Assembly six days ago, represents an increase of N1.32 trillion from the previous proposal.

It includes N967.5 billion for statutory transfers, N6.6 trillion for debt servicing, N8.3 trillion for recurrent expenditure and N5.9 trillion for capital expenditure.

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The budget was delayed for two weeks due to issues discovered by the Senate President.

This is the final appropriation bill for the 9th National Assembly, which aims to maintain the January to December budget cycle.

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ByMuhammad A. Aliyu
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Muhammad Ameer Aliyu, is a prolific journalist who joined Okay Nigeria in 2015 with the aim staying committed to bringing more positive growth to the digital news platform. He is the Senior Editor at Okay Nigeria.
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