Just in: House of Reps propose to raise 2020 budget to N10.6tn

The House of Representatives have proposed a raise of the 2020 Appropriation Bill from N10.33 trillion to about N10.6 trillion.

The new figure was proposed by the House Committee on Finance, which is scheduled to lay its report on the national budget at the plenary today (Wednesday).

The committee has recommended a total budget sum of N10,594,362,364,830.

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

Both the executive and the legislature plan to pass the bill before Christmas break to return Nigeria to a January-December budget cycle.

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