By Tayo Alabi
President Muhammadu Buhari on Thursday signed the 2021 budget into law at the State House in Abuja.
The president also signed the finance bill into law.
Recall, President Buhari presented the proposed 2021 budget to the National Assembly on October 8.
The National Assembly, while approving the proposal on December 21, raised the estimate of N13.082 trillion to N13.588 trillion.
This was an increase of N505 billion from the proposed figures presented by the Buhari administration.
The budget signing is to ensure a January to December budget calendar.
The president also promised that the budget will address the challenges caused by the pandemic on the economy.
On revenue generation, President Buhari warned heads of revenue-generating agencies to remit early and threatened sanctions for defaulters.
President Buhari on Thursday announced that specific borrowing plans will be forwarded to the national assembly soon.
