President Muhammadu Buhari has transmitted the revised 2020 budget proposal to the National Assembly for consideration and approval.
The new fiscal document was delivered to the Senate President, Ahmad Lawan, by the presidential aide of the National Assembly (Senate), Senator Babajide Omoworare, at the National Assembly today.
The budget is being reviewed following the crash of the price of crude oil at the international market, occasioned by the coronavirus pandemic.
Top sources at the Senate, who preferred not to be named, said the Senate President has asked members of the Senate committee on appropriation, chaired by Senator Barau I. Jibrin, to immediately commence work on the document.
It was also gathered that relevant committees will tomorrow commence interaction with ministers on the document.
The federal government, on May 13, approved N10.523 trillion as a revised 2020 national budget.