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RECURRENT EXPENDITURE
The President signed the 2022 budget into law on 31st December 2021. This is commendable as it marks...
Nigeria spent N29.3 trillion on recurrent expenditure, 10x more than capital expenditure.
President Muhammadu Buhari has signed the 2021 Appropriation bill of N13.5 trillion into law.
Capital expenditure is mostly investment in assets that are used over time in the provision of goods or services to the taxpayers.
Christened the 2018 Budget “Budget of Progress and Development.” Earmarks 67% To Capital Expenditure, 33% For Recurrent. Targets...