President Muhammadu Buhari has presented the proposed 2021 Budget of N13 trillion to the National Assembly.
According to the president, the budget termed Budget Of Economic Recovery and Resilience will address key economic issues as the country tries to recover from the impact of the coronavirus and the oil price drop.
He says the government is determined to accelerate the country’s economic recovery process, while decrying the revenue generation challenges.
Compared to budget presentations done in previous years, the President was only accompanied by Vice President Yemi Osinbajo and a few ministers, while the others participated virtually.
According to Senate President Ahmed Lawan, the new arrangement became necessary in order to maintain social distancing during the presentation, as a result of the COVID-19.
Before presenting the proposed budget, the President gave a breakdown of the performance of the 2020 budget.