President Muhammadu Buhari will today sign the 2020 Appropriation Bill into law which was passed by the National Assembly,
This is as the present administration moves towards returning to the January-December budget cycle.
The Senate and the House of Representatives had on December 5, 2019 concurrently passed the 2020 Appropriation Bill, raising the total estimates from the proposed N10.33trn to N10.6trn.
The budget was submitted by the President on October 8, 2019 and transmitted to the Presidency by the National Assembly on December 13.
Meanwhile, below is a timeline on the budget passage since the return to democracy in 1999.
The 2009 budget was presented to the National Assembly on December 2, 2008 and was passed on February 3, 2009. The then president, Olusegun Obasanjo signed it into law on March 10, 2009. That year’s budget was passed in two months and a day
Year 2010 Budget
The year 2010 budget was laid before the National Assembly on November 23, 2009 and passed March 25, 2010 and assented to by the president on April 22, 2010. It took four months and two days to be passed.
Year 2011 Budget
The 2011 budget was presented on December 15, 2010. The National Assembly passed it on May 25, 2011, and it was assented to by the then president on May 27, 2011.
Year 2012 Budget
The year 2012 budget got to the National Assembly on December 13, 2011. It was passed on March 15, 2012 and assented to on April 13, 2012. It took three months and two days to be passed.
Year 2013 Budget
The 2013 budget was laid on October 10, 2012. It was passed on December 20, 2012. The then president signed it into law on February 26, 2013. It was passed within two months and 10 days.
Year 2014 Budget
The 2014 budget was laid before the National Assembly on December 19, 2013. It was then passed on April 11, 2014. The president signed it into law on May 24, 2014. It was passed within three months and 22 days.
Year 2015 Budget
The 2015 budget was presented on December 17, 2014. It was passed on April 28, 2015, while the president signed it into law on May 19, 2015. It was passed within four months and 11 days.
Year 2016 Budget
The 2016 budget was presented on December 22, 2015. It was passed by the Legislature on March 23, 2016, while the president signed it into law on May 6, 2016. It took three months and one day before passage.
Year 2017 Budget
The 2017 budget was presented on December 14, 2016. The National Assembly passed it on May 11, 2017 as the then acting president assented to it on June 22, 2017. It took four months and 27 days before passage.
Year 2018 Budget
The 2018 budget got to the National Assembly on November 7, 2017. It was passed on May 16, 2018, and the president signed it into law on June 20, 2018. It took six months and eight days before passage.
Year 2019 Budget
The 2019 budget was presented on December 19, 2018. It was passed on April 30, 2019, and the president signed it into law on May 27. It was passed within four months and 11 days. Year 2020 Budget The 2020 budget was presented to the National Assembly on October 8, 2019 and passed on December 5, 2019. It took one month and 27 days to be passed.
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