Economy

Buhari Signs 2020 Revised Budget

Published

4 years ago

July 10, 2020

Nigeria’s President Muhammadu Buhari has signed the revised 2020 budget at a ceremony in Aso villa.

President Muhammadu Buhari has signed the revised 2020 budget of N10.8 trillion in a short ceremony at the presidential villa, Abuja..

The signing was done on Friday, July 10 2020.

Speaking at the event inside the Council Chambers, he said the budget had to be revised because of the effect of coronavirus on the nation’s economy.

Buhari remarked that ministries, department and agencies will be given 15 per cent of their capital allocation by the end of the month.

On hand to witness the signing were Vice-President Yemi Osinbajo; Senate President, Ahmed Lawan; Speaker Femi Gbajabiamila;

Secretary to the Government of the Federation, Boss Mustapha; and the Chief of Staff to the President, Ibrahim Gambari.

Others were the Ministers Finance, Budget and National Planning, Zainab Ahmed; Minister of State Finance, Clement Agba, Governor of Central Bank of Nigeria, Godwin Emiefile and Director General Budget, Ben Akabueze; Senator Babajide Omoworare, Senior Special Assistant (SSA) to President on National Assembly Matters (Senate) and Hon. Kawu Sumaila, on National Assembly Matters (House of Representatives).