economy

President Buhari Signs Revised 2020 Budget

On Friday morning, President Muhammadu Buhari signed the revised 2020 budget of N10.8 trillion at the presidential villa Abuja.

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

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

Those present 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).

Categories: economy, HOME

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