President Muhammadu Buhari has today signed the revised 2020 Budget of N10.8trn into law.
The Personal Assistant on New Media to President Buhari, Bashir Ahmad took to his social handle to make the announcement saying the President had passed the revised 2020 budget this morning as at 11:04 am 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 N5 billion from N10.805 trillion to N10.810 trillion
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