President Buhari has signed the revised 2020 Budget of N10.8 trillion.
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”.