ActionAid calls for upward review of Agric, Health, Education allocations

Says public debate needed before FG enters loan contracts

2021 Budget: North East Debt Commission gets zero allocation for capital expenditure
President Muhammadu Buhari presenting the 2021 budget to the National Assembly.

By Gabriel Ewepu – Abuja

A non-governmental organisation working to combat poverty and promote social justice in Nigeria, ActionAid Nigeria, Tuesday, called for upward review of Agriculture, Health, and Education allocations in the 2021 Budget Proposal presented by President Muhammadu Buhari to the National Assembly last Thursday.

This was contained in a statement signed by the Country Director, Ene Obi, where the organization made some observations on the total budget of N13.08tn with an aggregate revenue projection of 7,886tn, which is described as very ambitious. Given that the downward spiral trend of the economy compelled the Federal Government to review the 2020 budget, in which total Federal Government expenditure was revised downwards from N10.594 trillion to N10.523 trillion.

Likewise, key benchmark revenue assumptions were revised downwards. Crude oil price benchmark

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Nigeria: 2021 Budget – Buhari Upbeat On Economic Recovery, Raises Health, Education Allocations

President Muhammadu Buhari yesterday presented the 2021 budget proposal to a joint session of the National Assembly, where he expressed hope that even though the country may be heading for another recession, there will be windows for rapid recovery.

Buhari, who addressed the joint session of federal lawmakers at about 11.23am, unveiled a budget of N13.08trillion for the 2021 fiscal year with a projected deficit of N5.20trillion. Critical sectors such as health, education and the National Assembly (NASS) got higher allocations than in previous budgets.

In the same manner, Works and Housing received higher capital votes.

The president who was accompanied by some members of the Federal Executive Council (FEC) to the event, said that while the country was heading for a second recession in four years, the government has put in place plans to ensure rapid recovery in 2021.

He said that the government was working round the clock

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