Nigeria: Presidency - Why 2020 Budget Was Increased Despite Drop in Revenue

13 July 2020

The Senior Special Assistant to the President on National Assembly Matters (House of Representatives), Hon. Umar El-Yakub, has said the decision of the Presidency to increase the 2020 budget despite drop in revenue was meant to mitigate the impact of the COVID-19 pandemic on the nation's economy.

President Muhammadu Buhari had on Friday signed the Appropriation (Repeal and Amendment) Act, 2020 into law.

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