The Senate has approved the request of the President, Major General Muhammadu Buhari (retd.), seeking the extension of the capital components of the 2020 budget implementation from December 31, 2020, to March 31, 2021.
On Tuesday, Buhari, through his Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, had through a letter to the National Assembly requested the extension in order to enable the executive implement the capital aspect of the budget.
The President had quoted the Covid-19 pandemic which prevented the ministries, department, and agencies of government to carry out implementation of capital aspects of the budget.
The President of the Senate, Ahmad Lawan, after the approval on Wednesday, also assured Nigerians that the development did not alter the January to December budget cycle.