BREAKING: Senate increases budget from N10.002trn to N10.729trn

Breaking News Finance NATIONAL Politics

The Senate increased the proposed nation’s budget for 2020 from N10.002trillion to N10.729.4trillion after a robust debate on Thursday October 3.

The lawmakers also approved all the 16 recommendations contained in the report of the National Assembly joint Committee on Finance and National Planning, on the 2020-2022 Medium Term Expenditure Framework and Fiscal Strategy Paper.

The Senate President Ahmad Lawan said the development had paved the way for President Muhammadu Buhari to submit the 2020 budget any time next week. The Senate also resolved to probe the failure of Central Bank of Nigeria to show probity and accountability to e-collection of stamp duties.

More details to follow.

Source: Elombah News

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