Connect with us

News

Buhari signs revised budget 2020 into law

Published

on

JUST IN.... Buhari signs Bill to change the name of Nigeria Prisons

President Muhammadu Buhari on Friday signed into law the revised budget 2020.

Buhari signed the revised 2020 budget of N10.8 trillion at a short ceremony in the Presidential Villa, Abuja.

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

According to him, ministries, department and agencies (MDAs) would be given 15 per cent of their capital allocation by the end of the month.

Read also: It’s official! President Buhari approves suspension of Ibrahim Magu as Acting Chairman of EFCC

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

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

Others were the Minister Finance, Budget and National Planning, Zainab Ahmed; Minister of State Finance, Clement Agba, Governor of Central Bank of Nigeria, Godwin Emefiele 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).

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now

Investigations