John Ameh, AbujaThe Federal Government on Wednesday announced a slash in the 2020 budget by N1.5tn as part of measures to respond to the impact of coronavirus on the economy. It confirmed in an exclusive report by The PUNCH that the government would slash the budget by over N1tn. The committee is chaired by the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed. Other members are the Minister of State, Petroleum Resources, Mr Timipre Sylva; Governor of the Central Bank of Nigeria, Mr Godwin Emefiele; and the Group Managing Director of the Nigerian National Petroleum Corporation, Mr Mele Kyari. “But, I can just say that the budget cut is about N1.5tn; the reduction in the size of the budget.

Source: Punch March 19, 2020 03:44 UTC