BUHARI PRESENTS N10.33TN 2020 APPROPRIATION BILL TO NATIONAL ASSEMBLY
Written by thereachfm on October 9, 2019
President Muhammadu Buhari has presented a budget of
N10.33trillion for the 2020 fiscal year to the joint session of the
The president while presenting the Budget described it as a
budget of Fiscal Consolidation to strengthen Nigeria’s
macroeconomic environment; investing in critical infrastructure,
human capital development and enabling institutions, especially
in key job-creating sectors.
President Buhari said the 2020 budget is based on the new VAT
rate, adding that the increased revenues will be used to fund
education, health, and infrastructure.
The increase in the budget also reflects the new national