Buhari signs revised 2020 budget Friday

President Muhammadu Buhari

President Muhamadu Buhari will on Friday sign into law the revised 2020 budget passed by the National Assembly last month.

This was confirmed on the official twitter handle of the government, @NGRPresident.

The federal government had on March 13 approved N10.523 trillion for revised 2020 national budget after a memo submitted by the ministry of finance, budget and national planning to the National Executive Council (NEC) for approval of the amendments of the Medium Term Expenditure Framework for 2020-2022 as well as amendment to the 2020 budget.

President Buhari had in December 2019 assented to N10.59tn 2020 budget.

The National Assembly had passed the budget at $57 per barrel oil benchmark price.

However, the federal government had to review the budget because of the current drop in the price of crude oil due to the coronavirus pandemic.

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