How 2020 budget signed by Buhari was ‘padded’ with N264 billion


In October, when President Muhammadu Buhari presented the 2020 Appropriation Bill before a joint session of the upper and lower Houses of the National Assembly, his proposal was an aggregate of ₦10.3 trillion.

However, when he signed the bill into law in December, after the National Assembly’s perusal, the new aggregate was about ₦10.6 trillion — a difference of about ₦264 billion.

The Senate Committee Chairman on Appropriation, Ibrahim Barau, who first made this known, said the increase was targeted at offsetting the infrastructural deficit in the country.

Analysis

Nonetheless, analysis of the add-ons obtained by PREMIUM TIMES has shown that the Federal Capital Territory Authority (FCTA) is the most favoured institution in the increments across Ministries, Departments and…



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