President Buhari signs revised N10.8trn 2020 budget into law

Peace Kanu, Abuja

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Nigeria’s President Muhammadu Buhari has signed into law the revised N10.8trn 2020 Budget passed by the National Assembly in June.

The Special Assistant to President on Digital and New Media, Tolu Ogunlesi made this known on his verified twitter handle

He twitted that the President signed Appropriation Repeal and Amendment Act 2020 at the State House on Friday morning

“Assumptions underlying the 2020 Appropriation Act are no longer sustainable.” — President Buhari on rationale for the Repeal and Amendment of the Act signed into law in December 2019,” he twitted.

He added that as at 31st May 2020, N253 billion was released for implementation of Capital Projects.

According to him, the Ministry of Finance, Budget and National Planning is working to ensure that by the end of this month all Ministries receive 50% of their Capital Budget.

Details later

Peace PIAK

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