President Muhammadu Buhari on Tuesday presented the year 2020 budget proposal to a joint session of the National Assembly.
The budget, which is estimated at N10.33 trillion will have N2.45 trillion being spent on servicing loan.
The breakdown to Ministries, Departments and Agencies, MDAs according to the President are as follows;
- N125 billion for the National Assembly
- N110 billion for the Judiciary;
- The N37.83 billion for the North East Development Commission (NEDC);
The sum of N44.5 billion was allocated for the Basic Health Care Provision Fund (BHCPF);
N111.79 billion for the Universal Basic Education Commission (UBEC); and
N80.88 billion for the Niger Delta Development Commission (NDDC), which is now supervised by the Ministry of Niger Delta Affairs.
Works and Housing – N262 billion
Transportation – N123 billion
Defence – N100 billion
Agriculture – N83 billion
Water Resources – N82 billion
Social Investment Programmes – N30 billion
FCT – N28 billion