Senate adds N264bn, passes N10.594trn Budget 2020

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By Henry Umoru, Omeiza Ajayi & Nkiruka Nnorom

2020
Senate

ABUJA — The Senate, yesterday, passed the 2020 Appropriation Bill, raising total expenditure size by N263.946 billion or 2.6 per cent to N10.594 trillion from N10.33 trillion proposed by President Muhammadu Buhari.

Highlights of the additional provisions include: Works and Housing, up from N262 billion to N315.6 billion; Power from N127 billion to N129.1 billion; Defence from N100 billion to N116.2 billion; Agriculture and Rural Development from N83 billion to N124.4; Water Resources from N82 billion to N91.7 billion; and Education from N48 billion to N84.7 billion.

Other increments are Health from N46 billion to N59.9 billion; and Federal Capital Territory from N28 billion to N62.4bn.

While the figures for North-East Development Commission, NEDC, was retained at N38 billion, the Senate effected significant cuts in some ministries’ budgets.

Budget cuts

The affected ministries include Niger Delta Affairs Ministry from N24…



Source: Vanguard Newspaper