July 10, 2020/Cowry Asset

President Muhammadu Buhari on Friday, July 10, 2020, signed the revised N10.8 trillion 2020 national budget into law.

A breakdown of the spending plan showed that N4.9 trillion (45 per cent) was earmarked for recurrent expenditure, N422 billion (4 per cent) for statutory transfers, N2.4 trillion (22 per cent) for Capital expenditure and N2.9 trillion (27 per cent) for debt service.

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