President Muhammadu Buhari might seek amendments to the 2020 budget by sending proposals to the National Assembly.
Why it matters? The President, who signed the N10.59trillion budget on Tuesday, found that the budget had increased by N263.9billion from the N10.33trillion he proposed to lawmakers.
After studying the additions, he might consider sending virement and amendments requests to the National Assembly soon for the ease of implementing the adjustments.
He said, “The 2020 budget passed by the National Assembly provides for aggregate expenditure of N10.59tn, an increase of N263.95bn over the executive’s proposal that was submitted in October 2019.
“We have examined the adjustments and may revert to the National Assembly with a request for a virement or other relevant amendments.”
“For these achievements, I must therefore congratulate and thank the distinguished Senate President, the Speaker and indeed, all members of the federal legislature for their commitment and support.”
Meanwhile, Nairametrics had reported that President Buhari would take his time to vet the 2020 Appropriation Bill before signing it into law. The Senior Special Assistant to the President on National Assembly Matters, Umar el-Yakub, said, “I am sure you know that the President will take his time to look at it all through before assent.”
