Buhari to sign 2020 Budget Tuesday

President Muhammadu Buhari will on Tuesday sign the 2020 Appropriation Bill of N10.59 trillion into law.

The Senate last week forwarded the Appropriation Bill to the President for assent.

President Buhari had on October 8 presented the budget estimate to the joint session of the National Assembly.

The Senate President, Ahmed Lawan, had promised that the lawmakers would pass the budget before end of the year in order to revert the nation’s back to the January to December budget cycle.

While the President proposed N10.33 trillion, the Appropriations committees of both Chambers increased the budget size to N10.59 trillion.

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The breakdown of the budget revealed that out of the N263 billion addition, the National Assembly increased its budget from N125 billion to N128 billion.

The House of Representatives had passed the harmonized version, which Senate had earlier passed to ensure that the budget runs from January 1 to December 31, 2020.

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