Nigeria: National Assembly Passes N4.98 Trillion 2013 Budget

21 December 2012

The Senate yesterday passed the 2013 appropriation bill of N4.987trillion, while the House of Representatives separately passed N4.987 trillion. This is the first time the National Assembly would receive the bill from the executive and pass it barely three months after its presentation, and before the year's end.

The Senate also approved the $8,209.53billion 2012-2014 medium term external borrowing plan for the proposed pipeline projects.

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