President Muhammadu Buhari has revealed that the revised 2020 national budget became a necessity especially at this time due to the economic challenges facing the country.
The President of Nigeria who made the remarks after signing revised 2020 national budget into law at the Aso Rock Villa stated that due to the effect of the COVID–19 pandemic on the economy, and disclosed all MDAs will be allocated 50% of their capital allocation by months end.
He also revealed that the revised 2020 national budget underscores his Administration’s firm commitment to effectively contain the spread of COVID-19 and protect the lives and livelihood of our people.
The president also rolled out the achievement of his administration in the implementation of the Appropriation Act 2020. As at 31st May 2020, the sum of N253.33 billion have been released for the implementation of capital projects.