The House of Representatives on Wednesday approved the sum of N10.805 trillion Appropriation bill for the 2020 fiscal year, including the sum of N4 billion for Resident Doctors as part of efforts to ensure industrial harmony in the sector. The approved budget was increased by N296 billion higher than the initial sum of N10.510 trillion proposed by Federal Government. The revised budget was about N300 billion lower than the N10.594 trillion passed by the National Assembly and signed into law by President Muhammadu Buhari in December 2019. Ado Doguwa explained that the need to amend the 2020 budget was necessitated by the global effect of the COVID-19 pandemic. Also at plenary, the House approved President Muhammadu Buhari’s request to borrow $5.513 billion to finance the deficit in the 2020 budget.

Source: Nigerian Tribune June 10, 2020 17:40 UTC