Breakdown Of 2020 Budget Presentation By President Buhari

President Muhammadu Buhari on Tuesday presented a N10.33 trillion 2020 budget estimate to the joint session of the National Assembly for approval.

According to the figures, the appropriation bill comprises statutory transfers of N556.7 billion, non-debt recurrent expenditure of N4.88 trillion and N2.14 trillion of capital expenditure.

The figures are based on $57/barrel oil price and 7.5% VAT.

Below is some of the budget 2020 allocations for some MDAs as announced by President Buhari during his presentation as obtained by Naija News.

Works & Housing – N262bn

Transportation – N123bn

UBE – N112bn

Defence – N100bn

Agriculture – N83 bn

Water – N82bn

Niger Delta – N81bn

Education – N48bn

Health – N46bn

NEDC – N38bn

SIP – N30bn

FCT – N28bn

Power: N127bn

Zonal Intervention Projects: N100bn