Reps members increase 2020 revised budget

Reps members
Femi Gbajabiamila, Speaker of the House of Representatives. [Pics credit: Official Twitter handle of Femi]

In Wednesday June 10 plenary, the House of Reps members voted for an increase to the revised 2020 budget presented by the President Muhammadu Buhari to N10.805 trillion.

President Buhari had already presented a revised 2020 appropriation figure of N10.59 trillion to the National Assembly for approval.

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Recall that the Federal Executive Council (FEC) in May, approved the revised 2020 budget, after slashing the original budget signed into law from N10.594 trillion to N10.523 trillion, translating to a difference of N71.5 billion.

The budget as approved by the Reps members stipulate that the budget for the National Assembly was retained at N128 billion which was contained in the original 2020 budget that was passed in December 2019 as against the N115 billion contained in the revised budget.

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Considering the budget on the floor of the House, the lawmakers equally included an additional N4 billion.

The Reps members voted in favour of the additional figure to address the greviances of Resident Doctors who are threatening to embark on industrial strike action, hence, increasing the figure of the revised budget submitted to the House of Representatives by the Finance Committee.



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