Emmanuel Adigwe
President Muhammadu Buhari has signed the revised budget of N10.8 trillion for the year 2020 into law.
The President signed the budget at about 11:06am on Friday at the Council Chambers in Aso Rock.
In n his address, the President stated that the budget had to be revised due to the effect of the coronavirus pandemic on the nation’s economy and directed that Ministries, Department, and Agencies (MDAs) of the government would be given at least 50 per cent of their capital allocation by the end of July.
He further explained that the timing of the signing of the budget was in line with the January to December budget cycle.