President Muhammadu Buhari has sign into law, the revised N10.8 trillion budget for the year 2020 passed by the National Assembly in June 2020.
Speaking after signing of the January – December 2020 budget circle, President Buhari said, the budget had to revised because of the effect of Coronavirus on the nation’s economy.
He said the ministries, department and agencies will be given 50 percent of their capital allocation by the end of the month.
The signing took place inside the Council Chambers of the State House, Abuja.
The Vice-President, Yemi Osinbajo, Secretary to the Government of the Federation, Boss Mustapha Chief of Staff to the President, Ibrahim Gambari witnessed the signing.
Senate President, Ahmed Lawan, Speaker Femi Gbajabiamila and other principal officers witnessed the signing.
Others are the Ministers Finance, Budget and National Planning, Zainab Ahmed; Minister of State Finance, Clement Agba, Governor of Central Bank of Nigeria, Godwin Emiefile and Director General Budget, Ben Akabueze.