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2020 budget: FG to service debt with N2.45trn

President-Buhari2

Screenshot of President Muhammadu Buhari at the 2020 budget presentation before the joint session of the National Assembly on Tuesday

  • NASS gets N125bn, judiciary to spend N110bn

Leke Baiyewu, Abuja

President Muhammadu Buhari has said debt servicing in the 2020 budget will gulp N2.45trn, out of which local debts would take N296bn.

Overhead cost will be N426.6bn, he said.

The President also said the National Assembly would spend N125bn in the next budget year, while the judiciary will get N110bn.

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