Nigeria’s 2020 budget is officially N10.8 trillion as President Muhammadu Buhari, on Friday, signed the revised budget into law.
Igbere TV gathered that Buhari signed the document at the Council Chamber of the Presidential Villa, Abuja at 11.06 am on Friday.
File photo
The President explained that the budget had to be revised because of the effect of coronavirus on the nation’s economy.
He said ministries, department and agencies will be given 15 per cent of their capital allocation by the end of the month.
The signing took place inside the Council Chambers of the State House, Abuja.
The Vice-President, Yemi Osinbajo, Secretary to the Government of the Federation, Boss Mustapha Chief of Staff to the President, Ibrahim Gambari witnessed the signing.
From the National Assembly, the Senate President, Ahmed Lawan and Speaker of the House of Representatives, Femi Gbajabiamila and other principal officers also witnessed the signing.
Igbere TV recalls that the previously passed budget was N10.594 trillion. Buhari submitted a revised edition of N10.5 trillion but Senate increased it by N300 billion.
Details later…
