Why we revised 2020 budget - Buhari (FULL SPEECH)

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The revised budget provides for aggregate expenditures of N10.81 trillion, which is an increase of N216 billion over the level of expenditure initially proposed in the 2020 Appropriation Act.

President Muhammadu Buhari said the federal government revised the 2020 Appropriation Act to reallocate resources for effective implementation of required health and emergency measures, as well as to mitigate the negative socio-economic effects of the COVID-19 pandemic.

to strengthen the oil market. Global trade has generally been disrupted as almost all economies were locked down for protracted periods in the wake of the COVID-19 Pandemic. 6. Understandably too, we needed to reallocate resources in the Appropriation Act, 2020 to ensure effective implementation of required health and emergency measures, as well as to mitigate the negative socio-economic effects of the COVID-19 Pandemic.

9. All Ministers are to ensure that their Ministries, Departments and Agencies intensify capital project delivery efforts and fully cooperate with the Ministry of Finance, Budget and National Planning to achieve the laudable objectives of the Budget.

 

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