President Buhari Signs 2020 Revised Budget Into Law

President Buhari Signs 2020 Revised Budget Into Law



President Muhammadu Buhari today at exactly 11:04am, signed into law, the revised N10.8 trillion budget for the year 2020, the revised budget was passed by the National Assembly, last month.

Buhari signed the document at the Council Chamber of the Presidential Villa, Abuja on Friday.

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 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.

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