President Muhammadu Buhari has signed into law, the revised N10.8 trillion budget for the year 2020 passed by the National Assembly in June.
The budget had to be revised due to the impact of the coronavirus on the nation’s economy and to ensure a strict compliance with the January to December budget cycle.
Speaking at the signing ceremony, President Buhari said the ministries, department and agencies would be given 50 percent of their capital allocation by the end of the month.
The signing took place inside the Council Chambers of the State House, Abuja.
The Vice-President, Yemi Osinbajo, Secretary to the Government of the Federation, Boss Mustapha Chief of Staff to the President, Ibrahim Gambari witnessed the signing.
Senate President, Ahmed Lawan, Speaker Femi Gbajabiamila and other principal officers of the National Assembly were also present at the event