Nigerian parliament passes a record $34.72 billion for 2020 budget but – about $6.03 billion – to be financed through borrowings

Nigerian parliament passes a record $34.72 billion for 2020 budget but – about $6.03 billion – to be financed through borrowings

Nigerian parliament on Thursday passed a record $34.72 billion 2020 budget for President Muhammadu Buhari-led federal government.

The senate at the plenary passed the N10.59 trillion 2020 budget after consideration by the House Committee on Supply, chaired by Dr. Ahmad Lawan.

On October 8th, 2019, President Muhammadu Buhari presented N10.33 trillion ($33.8 billion) before a joint sitting of the National Assembly. It was later jerked up by the lawmakers to N10.59 trillion.

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