Senate increases the 2020 budget from N10.002trn to N10.729trn

The Senate, after a long debate on Thursday, approved all the 16 recommendations contained in the report of the National Assembly joint Committee on Finance and National Planning, on the 2020-2022 Medium Term Expenditure Framework and Fiscal Strategy Paper.

The red chamber, among others, also increased the proposed nation’s budget for 2020 from N10.002trn to N10.729.4trn.

The Senate President, Ahmad Lawan, said the development had paved the way for President Muhammadu Buhari to submit the 2020 budget any time next week.

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