President Muhammadu Buhari has proposed a budget of N8.83 trillion for 2019.
The president presented the budget at a joint session of the National Assembly on Wednesday.
The proposed budget shows that about a quarter of the sum (N2.14 trillion) will be used for debt servicing while capital expenditure is expected to gulp N2.031 trillion.
Breakdown of the Estimate:
Recurrent – N4.04 trillion
Debt service – N2.14 trillion
Statutory transfer – N492.36 billion
Sinking fund – N120 billion
Capital expenditure – N2.031 trillion