President Muhammadu Buhari on Tuesday, December 17 signed the 2020 budget into law.
He assented to the N10.6trillion budget in his office at the presidential villa, Abuja.
The ceremony was witnessed among others, by Vice President Yemi Osinbajo, Senate President Ahmed Lawan and the Speaker of the House of Representatives, Femi Gbajabiamila.
The Senate and the House of Representatives had on December 5, 2019, concurrently passed the 2020 Appropriation Bill, raising the total estimates from the proposed N10.33tn to about N10.6tn.
With this, Nigeria has now returned to the January to December budget cycle.
See picture below:
BREAKING: President @MBuhari has just signed the 2020 Appropriation Bill #Budget2020Ng into law. The January-December budget cycle is now a reality. Congratulations Nigeria! pic.twitter.com/aFDBSM6mEJ
— Bashir Ahmad (@BashirAhmaad) December 17, 2019