Monday, October 26, 2020
Home Economy Presidency: President Buhari presents 2020 budget proposal to National Assembly today

Presidency: President Buhari presents 2020 budget proposal to National Assembly today

The Presidency says President Muhammadu Buhari is set to present the 2020 Appropriation Bill to a joint session of the National Assembly on Tuesday.

Special Adviser to the President on Media and Publicity, Mr. Femi Adesina, confirmed this development at the end of an extraordinary meeting of the Federal Executive Council.

The meeting which considered the 2020 budget proposals before its presentation to the National Assembly on Tuesday by 1.30pm, was presided over by President Buhari at the Council Chamber of the Presidential Villa, Abuja, on Monday.

Adesina, who briefly spoke to State House Correspondents, said, “No briefing, we only looked at what we will present at the National Assembly tomorrow,” referring to Tuesday’s presentation of the 2020 budget proposal to the Assembly by the President.

Buhari is expected to lay the 2020 budget before a joint session of the Senate and House of Representatives on October 8 for approval, “as the country intends to revert to the January to December budget cycle.’’

Newsman reports that the early presentation of the 2020 budget is meant to return the Federal Government budget cycle from May-June to January-December.

The Senate had, on Thursday, increased the proposed 2020 budget from N10.007bn to N10.729trn.

However, President Buhari and the leadership of the National Assembly had, on Sunday night, met behind closed doors at the President’s official residence in Abuja in what appeared to be 2020 budget reconciliation meeting.


Please enter your comment!
Please enter your name here



Most Popular

EndSars: NECO postpones examination indefinitely

The Governing Board of the National Examinations Council (NECO) has indefinitely postponed the on-going 2020 Senior School Certificate Examination.

#EndSARS: FG sets up N25bn youth fund — Minister

The Minister of Finance, Budget and National Planning, Zainab Ahmed, on Saturday, said the Federal government has created a N25bn youth fund...

Kaduna Security: 24-hour curfew extended to the entire state

The Kaduna State Government has extended all over the state the 24-hour curfew earlier imposed in some communities in Chikun and Kaduna...

President Buhari orders deploys more troops to Zamfara

President Muhammadu Buhari has ordered security agencies for immediate deployment of their officials to Zamfara State following the gory episode that claimed...