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Buhari signs N10.8 trillion revised budget into law

Buhari signs N10.8 trillion revised budget into law

President Muhmmadu Buhari, on Friday, signed the N10.8 trillion revised 2020 Budget passed by the National Assembly into law.

Present during the signing were the Vice President, Yomi Osibanjo, Senate President, Ahmed Lawan, and Speaker House of Representatives, Femi Gbajabiamila.

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Others were Senior Special Assistant (SSA) to President on National Assembly Matters (Senate) Babajide Omoworare and his House of Representatives counterpart, Hon. Umar El-Yakubu.

The President said that the revision became a necessity due to the weakening effect of the COVID-19 pandemic on the nation’s economy.

He disclosed that ministries, department and agencies will be given 50 percent of their capital allocation by the end of the month.

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