22.9 C
New York
August 4, 2020
Worship Media
Nigerian News

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.

While signing the bill into law, the President explained that the revision became necessary because of the weakening effect of the COVID-19 pandemic 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 wrote

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 N5bn from N10.805trn to N10.810trn.


Click Here to Visit Orignal Source of Article http://saharareporters.com/2020/07/10/president-buhari-signs-n108trn-revised-2020-budget

Related posts

See the moment Tyson Fury refused a bottle of water over fears it may have been spiked ahead of drug testing (Video)


10 Students Injured In Ondo As Group Supporting Governor Akeredolu’s Re-election Attacks Undergraduates In Campuses

Sahara Reporters

BREAKING: Police Deny Detaining Magu, Say He Is Being “Held” By Presidency

Sahara Reporters

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy