JUST IN: Buhari Signs N10.8trn Revised 2020 Budget Into Law

President Muhammadu Buhari has signed the N10.8 trillion revised 2020 budget into law.

Mr Buhari signed the document at the Council Chamber of the Presidential Villa, Abuja at 11.06 am on Friday in the presence of Vice-President Yemi Osinbajo; Secretary to the Government of the Federation, Boss Mustapha; Chief of Staff to the President, Ibrahim Gambari.

Others are the Senate President, Ahmed Lawan and Speaker of the House of Representatives, Femi Gbajabiamila and other principal officers also witnessed the signing.

Speaking after the signing, Mr Buhari explained that the budget had to be revised because of the effect of coronavirus on the nation’s economy.

According to him, ministries, department and agencies will be given 15 per cent of their capital allocation by the end of the month.