N’ASS to resume Thursday to consider revised 2020 budget

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Lawmakers at the National Assembly have resolved to cut short their Sallah break inorder to consider the ammended  2020 Appropriation Bill.

This means the upper and lower legislative chamber will resume sitting on Thursday, May 28th instead of June 2nd.

Clerk of the National Assembly, Mohammed Sani-Omolori, confirmed the development in a statement on Wednesday.

He said all Distinguished Senators and Honourable Members are expected to resume in plenary by 10.00 am on Thursday, May 28th, 2020.

Due to the harsh effects of the Covid-19 pandemic and tumbling oil price, the federal government reviewed 2020 budget from N10.594trn to N10. 523trn.

In the revised budget, the oil benchmark was moved from $57 per barrel to $25 per barrel, while crude oil production was pegged at 1.94 million barrels per day and exchange rate at N360 to $1.

 




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