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09 October 2019

2020: Buhari presents N10.33trn job creation budget to NASS

Works and Housing Ministry got the lion’s share of President Muhammadu Buhari’s proposed N10.33 trillion 2020 ‘’budget of Sustaining Growth and job creation.” Sectors heavily favoured in the budget presented to the joint session of the National Assembly include Power, N127 billion; Transportation, N123 billion; Universal Basic Education Commission, UBEC, N112 billion; Defence, N100 billion; and zonal intervention projects, N100 billion The 2020 Budget is N1.4 trillion higher than the N8.9 trillion budget of 2019. President Buhari said the 2020 Budget had been designed to be a budget of fiscal consolidation, to strengthen macroeconomic environment; invest in critical infrastructure, human capital development and enable institutions, especially in key job-creating sectors.

According to him, it is also aimed at incentivising private sector investment essential to complement the government’s development plans, policies and programmes; and enhance social investment programmes to further deepen their impact on marginalised and most vulnerable Nigerians.

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