The minister said at the presentation of the details of the 2020 budget on Thursday in Abuja that the approved legislation by the National Assembly was expected to be sent to President Muhammadu Buhari for final assent before the end of the week
The minister said although efforts were being made to fast-track the release of the new law to further redefine government business, until that is done, the measures government is taking will remain just plans for now. “For the bill to come into effect, the Federal Inland Revenue Service will have to engage the commercial banks and work out a modality on how the new law will be implemented.
“The 2020 budget takes effect from January 1, 2020. The 2020 budget provides an opportunity for the country to implement the annual January-December budget cycle following the timely passage of the appropriation by the National Assembly. In her presentation, the minister said of the total N10.59 trillion budget, about N8.42 trillion revenue is provided for, consisting of about N2.64 trillion from oil, N1.81 trillion from non-oil and N3.97 trillion from other sources.
N the blame iz not on anybody😂
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