2021 Budget For Education In Nigeria

2021 appropriation bill budget 2021.

2021 budget for education in nigeria. Unveiling nigeria s 2021 budget. 2020 appropriation act the 2021 budget which has been themed the budget of economic recovery and resilience is designed to deliver on the government s economic sustainability plan goals accelerate the pace of nigeria s economic recovery promote economic diversification enhance competitiveness and ensure social inclusion. Ministry of budget and national planning.

2021 nigerian budget breakdown on statutory transfers the sum of n484 49 billion provided for statutory transfers in the 2021 budget represents an increase of n56 46 billion or 13 percent over the revised 2020 provision. Buhari expresses concern over poor revenue generation defence gets n840 56bn largest for recurrent spending. That is just 5 6.

Education gets n127bn for capital expenditure. Mr buhari presented the 2021 budget proposal to the national assembly over two weeks ago. Anthony ailemen kamarudeen ogundele james kwen and kelechi ewuzie oct 9 2020.

Honourable minister of finance budget and national planning presented the 2021 budget proposal the minister of finance budget and national planning zainab shamsuna ahmed explained that the macroeconomic environment was significantly disrupted by the covid 19 pandemic necessitating mr. N65 billion has been retained in the 2021 budget for the. The education ministry budget has been increased by 65 per cent to improve quality of education of students the president said.

The proposed 2021 budget with an aggregate expenditure which includes government owned enterprises goes and project tied loans is projected at n13 08 trillion. Budget of economic recovery and resilience nigeria s president muhammadu buhari presented the 2021 budget on 8 october 2020 to the joint session of the national assembly. The proposed aggregate revenue and expenditure budgets for 2021 are 7 89 trillion and 13 08 trillion respectively resulting in 5 02 trillion fiscal deficit.

Out of n13 08 trillion budgeted for next year n742 5 billion was allotted to education. President s presentation of a revised 2020 budget on 28th may 2020 which was signed into law on 10th.