He added that the government would borrow N19.8 billion from local and external sources, raise N34.08 billion from grants, and N500 million from the sale of government assets, among others.
Giving a sectoral breakdown of the budget, El-Rufai said agriculture was allocated N1.79 billion; Business, Innovation, and Technology, N3.72 billion; Housing and Urban Development, N9.34 billion; Public Works and Infrastructure, N36.97 billion.
Also, Education was allocated the highest vote of N44.68 billion; Health, N22.76 billion and Social Development, N690.52 million.
He said that the government had earmarked N2.98 billion to Environment and Natural Resources; N4.99 billion for Water, and N18.13 billion for general administration.
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