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Just In: House of Reps Increase 2020 Budget

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The Federal House of Representatives has increased the 2020 Appropriation Bill from the N10.33 trillion proposed by President Muhammadu Buhari to about N10.6 trillion.

Naija News reports that the House Committee on Finance had proposed the new figure and it would lay its report on the 2020 budget at plenary today, Wednesday.

The House committee has recommended a total budget sum of N10,594,362,364,830.

President Muhammadu Buhari had on October 8, 2019, presented the appropriation bill to a joint session of the National Assembly.

Recall that the expected passage of the 2020 budget by the Senate had been postponed by one week.

It will be recalled the lawmakers had earlier scheduled that the budget report will be laid on November 26, 2019 for final consideration and possible passage on November 28, 2019.

However, addressing his colleagues, the Chairman Senate Committee on Appropriation, Senator Barau Jibrin (APC, Kano North) requested for extension of time in order to prepare a clean copy of the report.

Source: Naija News

George Oshogwe Ogbolu is a Digital Media Strategist | Content Writer | Journalist | New Media Influencer | Proofreader and a Deputy Editor at Naija News.