247News

President Buhari Increases Npower Budget (Full Details)

Pinterest LinkedIn Tumblr
Advertisements

President Muhammadu Buhari has approved the increase of the budget of social investment scheme, Npower, by N365 Billion.

Ngnews247.com reports that the Buhari-led government announced the increment in a post via his official Twitter handle @MBuhari on Friday.

Buhari disclosed this while discussing deliberate actions taken to expand the nation’s fiscal budget for 2021.

“Yesterday, I assented to the 2021 Appropriation Act and the Finance Act 2020. The 2021 Budget provides for aggregate expenditures of 13.588 Trillion Naira, representing an increase of 505.61 Billion Naira over the initial Executive proposal,” the president said.

“The increase however includes the 365 billion Naira provision for up-scaling the @NSIP_NG, which I requested for after laying the Budget before the Legislature. The budget details, as passed by the National Assembly, and signed into law by me, will be provided by @FinMinNigeria.”

Read Also   FG Approves Tax Reliefs, Other Incentives For Startups

“In designing the 2021 Budget, we deliberately chose to pursue an expansionary fiscal policy. We intend to use the Budget to accelerate our economic recovery process, promote social inclusion and strengthen the resilience of the economy.”

Advertisements

Recall that Buhari had recently instructed the Ministry of Humanitarian Affairs, Disaster Management and Social Development to increase Npower Beneficiaries by 500,000 to 1 million.

Alamu Tosin

The writer is Alamu Tosin. I have three strong passions in life — football, blogging and movies — in that order. I love spending time with friends talking about the important things in life and hate nothing more than ‘authority’ and hypocrisy. My personal believe in life is that once an individual sets his/her mind to achieve something, it is totally possible. And oh!, I am a strong Lannister, because I always pay my debt. For writing or fixing gigs, contact [email protected]gmail.com.

Write A Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Pin It