News
Like Reps, Senate passes N10.8trn revised 2020 budget
The Nigerian Senate on Thursday approved and passed the revised 2020 budget of N10.8 trillion.
The House of Representatives had also a day earlier approved and passed the exact amount.
The lawmakers passed the budget at both the Senate plenary and at the Committee of Supplies after considering the report of its Committee on Appropriation, led by Senator Barau Jibri.
Read also: Bill to punish anyone who stigmatizes rape victim scales second reading at Senate
The executive arm had presented a revised budget of N10.5 trillion but the lawmakers added about N300 billion, bringing it up to N10.8 trillion.
Some of the details of the budget showed that the sum of N500 billion was passed in the budget as an intervention fund for COVID-19 and N186 billion for the health sector.
Also, the sum of N422 billion was for statutory transfers while N4.9 trillion was for recurrent expenditure.
While N2.4 trillion was for capital expenditure, debt servicing will gulp N2.9 trillion.
Join the conversation
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.
INVESTIGATION: In Kwara, multimillion-naira milk processing plant is abandoned, converted to a chicken outlet
After the government spent millions of naira to establish a milk processing plant in Kwara State that would provided jobs...
SPECIAL REPORT: For Sokoto communities, promise of healthcare is akin to death sentence
In this story, ABDULRASHEED HAMMAD delves into the dire realities of Primary Health Care services in Sokoto State, shedding light...
ICYMI…SPECIAL REPORT: NNPCL hides behind PIA to frustrate disclosure, accountability
Nigeria’s major oil company, Nigerian National Petroleum Corporation Limited (NNPCL), in what appears to be a common practice of disregard...
INVESTIGATION: Multi-million naira Ekiti resort center remains uncompleted a decade after
The multimillion-naira project, expected to comprise recreational buildings, now consists of cassava farmland, a bush used for excretion, and a...
SPECIAL REPORT: Torturous experiences of students with disabilities in Oyo tertiary institutions
For students with disabilities in Oyo state-owned tertiary institutions, learning is a torturous and distressing experience, considering the building structures...