Breakdown Of 2020 Budget Presentation By President Buhari

President Muhammadu Buhari on Tuesday presented a ₦10.33 trillion 2020 budget estimate to the joint session of the National Assembly for approval.

According to the figures, the appropriation bill comprises statutory transfers of ₦556.7 billion, non-debt recurrent expenditure of ₦4.88 trillion and ₦2.14 trillion of capital expenditure.

The figures are based on $57/barrel oil price and 7.5% VAT.

Below is some of the budget 2020 allocations for some MDAs as announced by President Buhari during his presentation as obtained by Naija News.

Works & Housing – ₦262bn

Transportation – ₦123bn

UBE – ₦112bn

Defence – ₦100bn

Agriculture – ₦83 bn

Water – ₦82bn

Niger Delta – ₦81bn

Education – ₦48bn

Health – ₦46bn

NEDC – ₦38bn

SIP – ₦30bn

FCT – ₦28bn

Power: ₦127bn

Zonal Intervention Projects: ₦100bn