…Alleges persecution, claims recovery of $1.3trnBy Christiana EkpaThe House of Representatives on Tuesday passed the 2026 Appropriation Bill through second reading, approving a total proposed expenditure of N58.47 trillion. A breakdown of the budget shows N4.09 trillion earmarked for debt servicing, N15.25 trillion for recurrent (non-debt) expenditure, N26.08 trillion for capital expenditure, and N15.91 trillion for statutory transfers. The proposal puts the budget deficit at about N23.85 trillion, with projected revenue of N34.33 trillion. Julius Ihonvbere, described the budget titled “The Budget of Consolidation, Renewed Resilience and Shared Prosperity”, as a defining moment in Nigeria’s quest for sustainable development, peace and economic stability. He urged lawmakers to support the budget, stressing that capital expenditure outweighing recurrent spending demonstrates the government’s commitment to sustainable development.