2020 budget implementation extended to March 2021
The Senate, on Wednesday, approved the extension of the capital aspect of the 2020 budget implementation to March 31, 2021.
The three-month extension follows the passage of a bill to amend the Appropriation Act 2020 to extend the implementation year to March 2021.
The Act runs for a period of 12 months, starting from the January 1 to December 31, 2020.
But Senator Yahaya Abdullahi (Kebbi North), who sponsored the bill, said the 2020 Capital Budget implementation has progressed at a slow speed mainly due to the unforeseen prolonged lockdown as a result of COVID-19.
Abdullahi, who is also the Senate Leader, urged the lawmakers to support the bill to allow for full utilization of the capital releases in order to help reflate the economy that is currently in recession.
Meanwhile, President of the Senate, Ahmad Lawan, has announced that the Senate will next week Monday, 21st of December, 2020, hold a special session to pass the 2021 budget presented before the National Assembly.