BREAKING: Buhari presents Nigeria’s 2020 budget

Nigeria’s President, Muhammadu Buhari, has presented the 2020 appropriation bill before a joint session of the national assembly. According to the President, the 2020 national budget has been estimated at N8.155 trillion.

Buhari, who arrived the National Assembly chambers at about 2 p.m., presented the budget to lawmakers.

The president announced that N125 billion was allocated to the National Assembly while N110 billion was allocated to the Judiciary.

In terms of allocation to ministries, the president announced the following allocations to respective ministries.

The breakdown below shows how the money has been allocated:

Works and Housing: N262 billion
Power: N127 billion
Transportation: N123 billion
University Basic Education: 112 billion
Defence: N100 billion
Zonal Intervention Projects: N100 billion
Agriculture and Rural Devt: N83 billion
Water Resources: N82 billion
Niger Delta: 81bn Education: N48 billion

More to come…

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