Breaking: Reps Increase 2020 Budget To N10.6tn

The House of Representatives has increased the 2020 Appropriation Bill from N10.33 trillion to about N10.6 trillion.

During plenary on Wednesday, the new figure was proposed by the House Committee on Finance.

The Committee is scheduled to lay its report on the national budget at the plenary today, Wednesday, December 4.

A total budget sum of N10,594,362,364,830 was proposed by the committee.

President Muhammadu Buhari had on October 8, 2019, presented the appropriation bill to a joint session of the National Assembly.

There are plans by the National Assembly to pass the bill before Christmas, as to reset the nation’s budget pattern.