Nigeria senate on Thursday passed the revised 2020 budget of N10.8 trillion, only marginally lower than the record 10.59 trillion naira budget approved in December. The government has said since March that the budget passed in December would be revised down. The senate therefore passed a sum of N500 billion in the budget as an intervention fund for COVID-19 and a sum of N186 billion specifically for the health sector. In the revised budget, N422 billion was fixed for statutory transfers, N4.9 trillion for recurrent expenditure and N2.4 trillion is for capital expenditure. The senate passed the budget after it dissolved into the committee of supply to approve clauses of the bill.

Source: The Guardian June 11, 2020 12:11 UTC