Buhari Presents N10.33trn 2020 Budget Proposal To National Assembly

President Muhammadu Buhari on Tuesday presented a budget of N10.33trillion for the 2020 fiscal year to the joint session of the National Assembly.

The president while presenting the Budget described it as a budget of Fiscal Consolidation to strengthen Nigeria’s macroeconomic environment; investing in critical infrastructure, human capital development and enabling institutions, especially in key job-creating sectors.

President Buhari said the 2020 budget is based on the new VAT rate, adding that the increased revenues will be used to fund education, health, and infrastructure.

The increase in the budget also reflects the new national minimum wage.