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President Buhari Signs N10.8trn Revised 2020 Budget

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President Buhari Signs N10.8trn Revised 2020 Budget

President Muhammadu Buhari on Friday signed the revised 2020 Budget of N10.8trn passed by the National Assembly in June into law.

Speaking at the event inside the Council Chambers, he said the 2020 budget of N10.8 trillion budget had to be revised because of the effect of coronavirus on the nation’s economy.Bashir Ahmad, Personal Assistant on New Media to the President, said Buhari signed the revised budget into law around 11:04am on Friday, July 10.

“President Buhari today at exactly 11:04am signed into law the revised N10.8 trillion budget for the year 2020, the revised budget was passed by the National Assembly, last month,” he stated.

It was initially passed in December 2019 but was returned to the legislature after the executive reworked it to reflect the current economic realities occasioned by the coronavirus pandemic.

On June 11, the Senate increased the total size of the revised budget by N5bn from N10.805trn to N10.810trn.

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Teo-Inspiro

Teo-Inspiro International is a media production company that is changing the narrative by empowering young people with digital skills to showcase the beauty of Africa. We provide photography and video coverage for events, produce films and documentaries that tell the African story and organize training programs on camera handling.

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