Senate Passes N10.805trn Revised 2020 Budget

The Senate has passed the revised 2020 budget of N10,805,544,664,642, this morning Thursday, June 11 during plenary.

The passage of the budget comes a day after the House of Representatives passed the same figure as the 2020 budget.

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A breakdown of the figure shows that the sum of N2,488,789,433,344 is for capital expenditure and recurrent non-debt expenditure has N4,942,269,241,984.

The executive also allocated N422,775,979,362 for statutory transfer, while N2,951,710,000,000 was budgeted for debt service.

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The budget will now be sent to the President for his assent.