ECONOMYTOP STORY

Breaking: Buhari signs N10.8tr revised 2020 budget into law

President Muhammadu Buhari on Friday signed the N10.8 trillion revised 2020 budget into law.
Buhari signed the document at the Council Chamber of the Presidential Villa, Abuja at 11.06 am on Friday.
The President explained that the budget had to be revised because of the effect of coronavirus on the nation’s economy.
According to him, ministries, department and agencies will be given 15 per cent 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.
The Senate President, Ahmed Lawan and Speaker of the House of Representatives, Femi Gbajabiamila and other principal officers of the National Assembly also witnessed the signing.