A breakdown of the N10.7 trillion 2020 budget
presented by President Muhammadu Buhari, on Tuesday, October 8, has shown
Defence getting N100 billion. The president, who started his address by
complaining about cold which has affected his voice, said the budget would
focus on completing projects that have been carried over from 2019.
While works and housing will take N262
billion, power has a share of N127 billion. Also top on the breakdown is
transportation which has N123 billion. The breakdown by Channels Television
also shows the Universal Basic Education (UBE) taking N112 billion. The zonal
intervention projects gets a share of N100 billion while agriculture and rural
development got N83 billion.
The breakdown further shows water resources
getting N82 billion as the Niger Delta got N81 billion. Meanwhile, education
received N48 billion.
President Muhammadu Buhari explained some
challenges that have been considered in the performance of the 2019 budget and
the preparation of the 2020 appropriation bill.
He blamed delay in the passage of the 2019
budget and under-performance of the revenue generating agencies as responsible
for the poor performance of the 2019 budget resulting in more focus on
recurrent expenditure.
A Breakdown of Nigeria's 2020 Budget presented by President Muhammadu Buhari
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