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Buhari signs N10.8 trillion reversed budget into law

by Matthew Ope
July 10, 2020
in News, Nigeria
Buhari bars CBN from giving money to food importers

Buhari bars CBN from giving money to food importers

The revised 2020 national budget, which was passed by the National Assembly in June, was signed by President Muhammadu Buhari today.

The President explained that the budget had to be revised because of the effect of coronavirus on the nation’s economy.

READ ALSO: Senate passes N10.8trn revised 2020 budget

He said ministries, departments, and agencies will be given 15 percent of their capital allocation by the end of the month.

The signing took place inside the Council Chambers of the State House, Abuja. The Vice-President, Yemi Osinbajo, Secretary to the Government of the Federation, Boss Mustapha Chief of Staff to the President, Ibrahim Gambari witnessed the signing.

From the National Assembly, the Senate President, Ahmed Lawan, and Speaker of the House of Representatives, Femi Gbajabiamila and other principal officers also witnessed the signing.

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Tags: BudgetCOVID-19Muhammadu BuhariNational budgetPresident
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Live News Nigeria is an online newspaper platform for dissemination of happenings around us and useful information.

Recent News

  • 2Weird releases, ‘Letter to Small Slekky In Heaven EP’ April 15, 2021
  • CBN places ban on Cryptocurrencies trading. February 5, 2021
  • US President, Joe Biden lifts Travel Ban on Muslim & African countries. January 21, 2021

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