Politics
  • FaceBook
  • Twitter
  • Pin It
  • Linkedin
  • Buffer
  • WhatsApp

BREAKING!!! President Buhari Gives National Assembly N27bn For Renovation

President Muhammadu Buhari’s led administration has reduced the N37bn budget for the renovation of the National Assembly complex to N 27.7 bn, Igbere TV has learnt.

According to The Punch, the Federal Government , in the 2020 revised budget proposal cut N 9.3 bn from the budget for the renovation of the National Assembly complex .

President Muhammadu Buhari

Recall that the renovation of the complex at the initial cost of N 37 bn , which is to be executed by the Federal Capital Territory Administration, attracted criticisms from a large section of Nigerians last year .

However, following the drop in the price of crude oil and a fall in the projected government revenue , it was learnt that the Federal Government decided to reduce the budget for the renovation.

President Muhammadu Buhari had on Thursday presented the 2020 Appropriation Act ( amendment) Bill to the National Assembly , which both the Senate and the House passed for second reading same day .

Buhari explained that the amendment became necessary in view of the sharp decline in crude oil prices and the cut in Nigeria’ s crude oil production quota occasioned by the COVID -19 pandemic.

Stay With Igbere TV. Africa’s No1 Community TV.

Anambra man of the year awardAnambra man of the year award
  • FaceBook
  • Twitter
  • Pin It
  • Linkedin
  • Buffer
  • WhatsApp

Wisdom Nwedene studied English Language at Ebonyi State University. He is a writer, an editor and has equally interviewed many top Nigerian Politicians and celebrities. For publication of your articles, press statements, upload of biography, video content, contact him via email: nwedenewisdom@gmail.com

Comments are closed.

Hey there.

So... you use an ad blocker. That's cool. Sometimes we do too.

But without ad revenue, we wouldn't even be here. And we might not be here much longer.

Please disable your ad blocker and click to continue.