President Muhammadu Buhari has proposed N20.15 trillion as the 2023 budget of the federal government to the joint session of the National Assembly in Abuja on Friday.
The President said the 2022 Finance bill would be submitted to the National Assembly for consideration with the budget.
He said several components of the existing law were being reworked to meet current economic challenges.
The government allocated roughly N6 trillion for debt repayment in 2023.
The naira appreciated in the official market on Monday, closing at N1,582/$1, up from last Friday’s close of N1,586/$1. The...
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