Buhari signs N10.8trn revised 2020 Budget Into Law ~ The Press Tv
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President Buhari has signed the revised 2020 Budget of N10.8 trillion.
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Bashir Ahmad, Personal Assistant on New Media to President Buhari, said the President signed the revised budget into law around 11:04am on Friday, July 10.
Nigeria had to revise its budget estimates and assumptions following a drop in crude oil prices and the effects of COVID-19 pandemic on global supply chains.
On June 11, the senate increased the total size of the revised budget by N5 billion from N10.805 trillion to N10.810 trillion.
Quoted @femigbaja via Twitter “Today @ProfOsinbajo, @DrAhmadLawan and I witness the signing of the amended 2020 budget by @MBuhari which was necessitated by the unforeseen COVID pandemic and its effect on revenue projections and the national economy”.
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