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NASS passes revised 2020 appropriation bill for second reading

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The Senate and the House of Representatives have passed the revised 2020 budget of N10.505 trillion for second reading.

Leaders of both Chambers, Senator Yahaya Abdullahi, and Rep. Ado Doguwa who called for the motion that the budget should be read for the second time said, the N398.505 billion is for Statutory Transfers while N2.951 trillion is for Debt Service.

N4.928 trillion is budgeted for Recurrent (Non-Debt) Expenditure while the sum of N2.230 trillion is for contribution to the Development Fund for Capital Expenditure for the year ending on 31 December, 2020.

Therefore, the document has been referred to the relevant committees of the two chambers for further legislative work and to report back next Tuesday.

 

More to come….

Yusuf Luka, is a journalist by profession with few years of experience, I am also a graduate of Bingham University. Outside of work, I enjoy hiking with friends, Reading books, and Watching movies. Let's connect on social media.

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