President Muhammadu Buhari has signed the N10.8 trillion revised 2020 budget into law.
Buhari signed the document at the Council Chamber of the Presidential Villa, Abuja at about 11.06 am on Friday.
The President explained that the budget had to be revised because of the effect of coronavirus on the nation’s economy.
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He said Ministries, Department and Agencies (MDAs) will be given 15 per cent of their capital allocation by the end of the month.
According to President Buhari, the timing of the signing of the budget was to keep with the January to December budget cycle.
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.
From the National Assembly, the Senate President, Ahmed Lawan and Speaker of the House of Representatives, Femi Gbajabiamila and other principal officers witnessed the signing.
The Minister of Finance, Budget and National Planning, Zainab Ahmed; Minister of State (Finance), Clement Agba; Governor of the Central Bank of Nigeria (CBN), Godwin Emiefile; and Director-General of the Budget Office, Ben Akabueze, were also at the Council Chamber to witness the signing of the revised budget.
