President Muhammadu Buhari has signed the N10.59 trillion 2020 appropriation bill into law.
The president signed the budget document into law on Tuesday in the presence of Vice President Yemi Osinbajo, Ahmad Lawan, the senate president, Femi Gbajabiamila, speaker of the house of representatives, amongst other principal officers.
“It is my pleasant duty, today, on my 77th birthday, to sign the 2020 Appropriation Bill into law. I’m pleased that the National Assembly has expeditiously passed this Bill. Our Federal Budget is now restored to a January-December implementation cycle, ” Buhari said on Twitter.
The budget was increased by N260 billion from N10.33 trillion as contained in the proposal submitted by Buhari on October 8.
This is the first time since Nigeria returned to democracy in 1999 that the budget would be passed and signed before the budget year.
