Senate passes N10.810tr revised 2020 budget
The Senate on Thursday passed the sum of N10.810trillion as revised 2020 budget.
Adeola explained that the difference of $3 between the oil benchmark price of $28 recommended and the $25 proposed by the executive which amounted to N5.256billon, was erroneously omitted from the aggregate expenditure in the Bill by the National Assembly’s Joint Committees on Appropriation while considering the revised budget proposal.expected as additional revenue from the increased oil price, N1.746billion was added to the statutory votes of N44.
President Muhammadu Buhari had in a letter to both chambers of the National Assembly, requested the members to review the 2020 appropriation of N10.509trillion.
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