Everything on JUMIA

Senate passes revised N10.8 trillion 2020 budget. #hushpuppy #Buhari

Everything on JUMIA
Lawan – Sen President

The Senate has passed the revised 2020 budget of N10.8 trillion. The budget was passed this morning Thursday, June 11 during plenary.

Deal of the day

The passage of the budget comes a day after the House of Representatives passed the same figure as the 2020 budget. The lawmakers increased the budget by N300 billion from N10.5 trillion. The budget was initially passed in December but the executive sent it back to National Assembly after the executive reworked it to reflect the current economic realities.

According to the new budget, N500 billion was allocated as an intervention fund for COVID-19 while N186 billion was earmarked for the health sector. 

In the revised budget, N422 billion was fixed for statutory transfers, N4.9 trillion for recurrent expenditure and N2.4 trillion is for capital expenditure. 

The budget will now be sent to the President for his assent.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Next Post

Hausa man arrested for raping 40 women in Kano State. #hushpuppy #Buhari #NorthernLivesMatter

Thu Jun 11 , 2020
The Kano State Police Command say they have arrested a man after 40 people were raped in one town over the period of a year. A mother in Dangora, Kano, caught the man in her children’s bedroom, according to police spokesman Abdullahi Haruna. The man ran away but neighbours chased and caught him, […]
kano-state-serial-rapist
SELL YOUR SONGS, EP & ALBUM ON iTUNES, TIDAL, SPORTIFY, SOUNDCLOUD & MORE, MAKE COOL DOLLARS TODAY WOW!!! I'M INTERESTED
%d bloggers like this: