National Assembly raises Budget 2020 by N260 billion

Our Reporter

In a record time, the National Assembly on Thursday passed the 2020 budget 59 days after it was laid before them by President Muhammadu Buhari.

The passage of the estimate is the fastest since the return of democratic government in 1999.

The country will next year return to the January to December budget cycle.

The N10.594 trillion outlay passed by both wings of the parliament, is N264 billion higher than the estimate presented by President Buhari.

A breakdown of the document indicates that Capital budget for the Ministries of Work and Housing, Health, Education, Water Resources and the National Assembly was increased, while that of Transportation was reduced.

The Presidency, Office of the National Security Adviser, Ministry of Interior, Ministry of Defence and Ministry of Aviation, Ministry of Power as well as Solid Mineral Development among others also had their estimates increased.

Capital budget for the Ministry of Police Affairs, Ministry of Transportation, was…

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