President Muhammadu Buhari on Friday signed into law the revised 2020 Budget of N10.8 trillion passed by the National Assembly in June.
At the signing ceremony held at the State House, Abuja, he recalled that the budget had to revised because of the effect of coronavirus on the nation’s economy.
The initial Budget passed in December last year was N10.6trillion.
The President said that the ministries, departments and agencies would be given 50 percent of their capital allocation by the end of this month.
Vice-President Yemi Osinbajo; Secretary to the Government of the Federation, Boss Mustapha; Chief of Staff to the President, Ibrahim Gambari; Senate President, Ahmed Lawan; Speaker Femi Gbajabiamila and other principal officers witnessed the signing of the Budget.
There were also the Minister Finance, Budget and National Planning, Zainab Ahmed; Minister of State Finance, Clement Agba; Governor of Central Bank of Nigeria, Godwin Emiefile and Director General Budget, Ben Akabueze.
