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Buhari Presents N10.729.4trn to National Assembly

On Monday, October 7, President Muhammadu Buhari  presided over the extraordinary meeting of the Federal Executive Council (FEC) to take a final look at the year 2020 budget estimates to be presented to the National Assembly Tuesday.

The Senate chamber of the Parliament had received official communication from President Buhari to present the 2020 Appropriation bill before a joint session of the National Assembly on Tuesday. The request, which was dated October 2, 2019, and addressed to the President of the Senate, Ahmad Lawan, was read at plenary last Thursday.

Also, the Senate, after a long debate on Thursday, 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.

Details of the deliberations were not made known to journalists after hours of meeting as the members filed out of the Council Chamber venue of the meeting without speaking to State House correspondents who have been waiting. There was not also any official communication from the Presidency but the Senate had last week increased the proposed nation’s budget for 2020 from N10.002 trillion to N10.729.4 trillion as contained in the Medium Term Expenditure Framework (MTEF).

 

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