Senate, on Thursday, passed the revised 2020 budget of N10.8 trillion.
The budget was passed after Chairman of the Appropriation Committee, Jibrin Barau, presented a report.
The passage of the budget by the Senate is coming a day after the House of Representatives passed the same figure as the 2020 budget.
The lawmakers increased the budget by N300 billion from N10.5 trillion.
The budget was first passed in December 2019, but it was returned to the National Assembly after the Executive amended it to reflect the current economic realities.
The COVID-19 pandemic caused a fall in the price of crude oil, adversely affecting the major source of the country’s income.
A sum of N500 billion was passed in the budget as an intervention fund for COVID-19. A sum of N186 billion was earmarked for the health sector.
In the revised budget, N422 billion was fixed for statutory transfers, N4.9 trillion for recurrent expenditure and N2.4 trillion is for capital expenditure.
A sum of N2.9 trillion was earmarked for debt servicing.
The Senate passed the budget after it dissolved into the committee of supply to approve clauses of the bill.
The budget will become operational when President Muhammadu Buhari gives his assent to it.