President Buhari Signs Revised 2020 Budget Into Law

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President Muhammadu Buhari has signed into law, the revised budget of N10.8 trillion for the year 2020.

Buhari signed the document at the Council Chamber of the Presidential Villa, Abuja at 11.06 am on Friday.

In his address, the President explained that the budget had to be revised because of the effect of the coronavirus (COVID-19) pandemic on the nation’s economy.

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

The Vice-President, Yemi Osinbajo, Secretary to the Government of the Federation, Boss Mustapha Chief of Staff to the President, Ibrahim Gambari witnessed the signing.

From the National Assembly, the Senate President, Ahmed Lawan and Speaker of the House of Representatives, Femi Gbajabiamila and other principal officers also witnessed the signing.

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