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Senate Panel raise 2020 budget by N450trn
 
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Wed, 4 Dec 2019   ||   Nigeria, Abuja
 

The Senate Committee on Appropriation may have increased the capital component of the 2020 Appropriation Bill by N450bn.

Investigations by our correspondent revealed that the Senate panel initially increased it by N500bn before it removed N50bn, shortly before it submitted its report. 

President Muhammadu Buhari had in October, presented a budget proposal of N10.33trn to the National Assembly for consideration and approval.

The Chairman of the Senate Appropriation panel, Senator Barau Jibrin, laid the report at plenary on Wednesday

The President of the Senate said the panel recommendations would be considered at plenary on Thursday.

Details later.

 

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