The House of Representatives on Wednesday increased the revised 2020 budget sent to it by President Muhammadu Buhari to N10.805 trillion.

It would be recalled that President Muhammadu Buhari had presented a revised 2020 appropriation of N10.59 trillion to the National Assembly for approval.

The budget as approved by the House indicate that the budget for the National Assembly was retained at N128 billion as contained in the original 2020 budget passed in December 2019 as against the N115 billion contained in the revised budget.

Considering the budget on the floor of the House, the lawmakers included N4 billion vote to address the greviances of resident doctors who are threatening to embark on industrial action, thereby increasing the figure submitted to the House by the Finance Committee.The House of Representatives on Wednesday passed the revised 2020 Appropriation Bill, raising the national budget from the proposed N10.5tn to N10.8tn.
Although the Committees on Appropriations and Finance, whose report was considered and adopted at plenary on Wednesday recommended N10,801,544,664,642, the lawmakers inserted an additional N4bn for the welfare of members of the National Association of Resident Doctors who have threatened strike.
The House also approved the request by President Muhammadu Buhari for the Federal Government to obtain external loans totalling $5,513,000000.
Details later…