Nigeria’s president, Muhammadu Buhari has signed the N10.8 trillion revised 2020 budget into law.

Thelagostimes gathered that president Buhari signed the document at the Council Chamber of the Presidential Villa, Abuja at 11.06 am on Friday.

President Muhammadu Buhari

The President explained that the budget had to be revised because of the effect of coronavirus on the nation’s economy.

He said ministries, department and agencies will be given 15 per cent of their capital allocation by the end of the month.

The signing took place inside the Council Chambers of the State House, Abuja.

President Buhari was joined at the signing ceremony by the Vice President, Professor Yemi Osinbajo, as well as the Senate President, Ahmed Lawan, and Speaker of the House of Representatives, Femi Gbajabiamila.

Others in attendance included the Chief of Staff to the President, Professor Ibrahim Gambari, and the Secretary to the Government of the Federation (SGF), Boss Mustapha.

The Minister of Finance, Budget and National Planning, Zainab Ahmed; Minister of State (Finance), Clement Agba; Governor of the Central Bank of Nigeria (CBN), Godwin Emiefile; and Director-General of the Budget Office, Ben Akabueze, were also at the Council Chamber to witness the signing of the revised budget.