The National Assembly has passed the 2023 appropriation bill at N21.83 trillion.
This shows an increase of N1.32 trillion from the N20.51 trillion budget proposal of President Muhammadu Buhari.
A breakdown of the budget indicates an allocation of 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.
Meanwhile, the Senate has passed the 2022 supplementary budget of N819.5 billion.
