BUHARI SIGNS 2020 BUDGET

The President signed the budget document into law on the occasion of his 77th birthday, and commended the National Assembly for speedy passage of the bill, adding, “It is my pleasant duty, today, on my 77th birthday, to sign the 2020 Appropriation Bill into law,”

Penpushing further reports that, a message posted on Buhari’s twitter page said, emphasized,“I’m pleased that the National Assembly has expeditiously passed this Bill. Our Federal Budget is now restored to a January-December implementation cycle.”

The National Assembly had on December 5, 2019, passed the budget estimates presented by Buhari on October 8, 2019, while the lawmakers increased the budget estimates from N10.33 trillion to N10.50 trillion.

Penpushing also reports that, the passage was a sequel to the presentation of a report by the Chairman of the Senate Committee on Appropriation, Barau Jibrin, and when the National Assembly passed the bill last Thursday, new projects inserted into the budget moved it up to ₦10.594 trillion