Breakdown of President Buhari’s 2020 budget proposal




Senate President, Ahmead Lawan, Speaker, Femi Gbejabiamila and President Buhari

President Muhammadu Buhari on Tuesday presented the 2020 budget proposal to a joint session of the National Assembly.

President Buhari said the 10.33 trillion 2020 budget is designed to impact on the marginalised and most vulnerable Nigerians.

Giving a breakdown of the allocations, the President proposed 2.45 trillion for debt servicing. With N296bn going to local debt and N426.6bn set as overhead cost.

The breakdown further reveals that the National Assembly got N125 billion, the judiciary got N110bn, the National Human Rights Council (NHRC) got 2.5bn while constituency projects got N100 billion.

The Federal Government also budget N80.8bn for the Niger Delta Development Commission (NDDC), N37.8bn for North-East Development Commission, N44.5bn for basic healthcare provision fund, N112bn for Universal Basic Education Commission (UBEC) and N55bn for presidential amnesty programme.

The 2020 budget provided N262bn for ministry of works and housing, N127bn for ministry of power, N123 billion for ministry of transportation and N100bn for ministry of defence.

The ministry of agriculture and rural development got N83bn, while N82bn was budgeted for ministry of water resources, N48bn for ministry of education and N46bn for ministry of health.

The ministry of industry, trade and investment got N40bn while the ministry of interior for N35bn with the social investment programmes got N30bn and the federal capital territory got N28bn.

President Buhari disclosed that N8.155 trillion is been targeted from revenue with N2.64 trillion from oil revenue, N1.8 trillion from non-oil tax revenue and N3.7 trillion from other revenues.

 




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