The two chambers of the National Assembly have passed the revised 2020 Approbiation Bill of N10.55 trillion for Second Reading.
Senate Majority Leader, Senator Yahaya Abdullahi and Majority Leader of the House of Representatives, Ado Doguwa moved the motion for the bill to be read for the second time on Thursday.
They said that N398.505 billion is the revised estimate for Statutory Transfers while N2.951 trillion is for Debt Service.
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According to them, N4.928 trillion is budgeted for Recurrent (Non-Debt) Expenditure while the sum of N2.230 trillion is for contribution to the Development Fund for Capital Expenditure for the year ending on 31 December, 2020.
Thereafter, the bill was referred to the relevant committees of the two chambers for further legislative work.
The committees were mandated to report back to both chambers on Tuesday, June 2.
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