Full text of President Buhari’s 2020 budget speech 2020Budget
1. I will start by asking you to pardon my voice. As you can hear, I have a cold as a result of working hard to meet your deadline!
4. I will also once again thank all Nigerians, who have demonstrated confidence in our ability to deliver on our socio-economic development agenda, by re-electing this Administration with a mandate to. We remain resolutely committed to the actualization of our vision of a bright and prosperous future for all Nigerians.
8. Mr. Senate President; Right Honourable Speaker; I am pleased to report that the Nigerian economy thus far has recorded nine consecutive quarters of GDP growth. Annual growth increased from 0.82 percent in 2017 to 1.93 percent in 2018, and 2.02 percent in the first half of 2019. The continuous recovery reflects our economy’s resilience and gives credence to the effectiveness of our economic policies thus far.
12. Furthermore, as a sign of increased investor confidence in our economy, there were remarkable inflows of foreign capital in the second quarter of 2019. The total value of capital imported into Nigeria increased fromPERFORMANCE OF THE 2019 BUDGET2019 ‘Budget of Continuity’and an exchange rate ofN1.918 trillion14. As at June 2019, Federal Government’s actual aggregate revenue was.
22. Despite these anomalies, I am happy to report that we met our debt service obligations, we are current on staff salaries and overhead costs have also been largely covered.23.
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