2020 Budget; Senate passes revised N10.8 Trillion

Members of the Senate is finally passed a revised 2020 Budget of N10.8 trillion

The Budget was passed on Thursday morning, the 11th of June, during Plenary

The passage of the budget comes a day after the House of Representatives passed the same figure as the 2020 budget.

The lawmakers increased the budget by N300 billion from N10.5 trillion.

The budget was initially passed in December but the executive sent it back to National Assembly

after the executive reworked it to reflect the current economic realities.

Senate Approves 2020 budget

According to the new budget, N500 billion was allocated as an intervention fund for COVID-19

while N186 billion was earmarked for the health sector.

In the revised budget, N422 billion was fixed for statutory transfers,

N4.9 trillion for recurrent expenditure and N2.4 trillion is for capital expenditure.

The 2020 budget will now be sent to the President for his assent.

Thankfully this revised budget doesn’t carry millions of Naira

going into the renovation of the house of Reps building

Meanwhile reports reaching us is that the Kaduna states house of Assembly has impeached the speaker of the house

This is coming just 4 months after being given the position

Details of the impeachment and all the drama that comes with it will be published shortly