Speech by his Excellency, Muhammadu Buhari
President of the Federal Republic of Nigeria
at the signing into law of the Appropriation (Repeal and Amendment) Act, 2020
Presidential Villa, Abuja.

Friday, 10TH July, 2019
PROTOCOLS

1. It is my pleasure and honour to sign the Appropriation (Repeal and Amendment) Act, 2020 into law today. I thank the Distinguished Senate President, the Right Honourable Speaker of the House of Representatives, and all the Distinguished and Honourable Leaders, and Members, of the National Assembly for the prompt review and passage of the amendments to the 2020 Appropriation Act.

2. You will recall that I signed the 2020 Appropriation Act into law on Tuesday, 17th December 2019. However, it became necessary to revise the Appropriation Act 2020 in response to recent developments, in particular, the COVID-19 Pandemic. Crude oil prices in the world market declined sharply from a high of $72.20 per barrel in January 2020 to below $20 per barrel in April 2020, and have since remained around $40 per barrel.

3. Nigeria’s crude oil production quota has been reduced as part of the efforts of the Organization of Petroleum Exporting Countries (OPEC) to strengthen the oil market. Global trade has generally been disrupted as almost all economies were locked down for protracted periods in the wake of the COVID-19 Pandemic.

4. All these developments are plunging the global economy into recession, and Nigeria has not escaped the impact of this. In effect, the assumptions underlying the 2020 Appropriation Act are no longer sustainable.

5. It is therefore imperative to adjust our expected revenues, considering the widespread disruptions in domestic and international economic activities due to the COVID-19 Pandemic, and the containment measures taken in response thereto.

6. Understandably too, we needed to reallocate resources in the Appropriation (Repeal and Amendment) Act, 2020 to ensure effective implementation of required health and emergency measures, as well as to mitigate the negative socio-economic effects of the COVID-19 Pandemic.

7. The 2020 Amended Budget, which I have just signed into law today, underscores our Administration’s firm commitment to effectively contain the spread of COVID-19 and protect the lives and livelihood of our people. With these budget amendments, as well as our recently launched N2.3 trillion Stimulus Programme, we are well-positioned to safeguard the economy.

8. Considering recent budget implementation challenges, I have directed that efforts be made to ensure effective implementation of the Appropriation (Repeal and Amendment) Act, 2020 in order to realise its laudable objectives.

9. All Ministers are to ensure that their Ministries, Departments and Agencies intensify capital project delivery efforts and fully cooperate with the Ministry of Finance, Budget and National Planning to achieve the laudable objectives of the Budget.
10. We have, nevertheless, made some progress in the implementation of the Appropriation Act 2020. As at 31st May 2020, the sum of N253.33 billion have been released for the implementation of capital projects.

11. The Federal Ministry of Finance, Budget and National Planning is in the process of effecting budgetary releases that will ensure that all Ministries, Departments and Agencies receive at least 50 per cent of their amended capital budgets by the end of this month.

12. The Appropriation (Repeal and Amendment) Act, 2020, that I have just signed into law, provides for aggregate expenditures of N10.81 trillion, which is an increase of N216 billion over the level of expenditure initially proposed in the 2020 Appropriation Act. The Honourable Minister of Finance, Budget and National Planning will provide further details of the 2020 Amended Budget.

13. I wish to acknowledge the efforts of the Ministry of Finance, Budget and National Planning, particularly the Budget Office of the Federation, and everyone who collaborated and worked conscientiously to produce the Appropriation (Repeal and Amendment) Act, 2020 that I have signed today.

14. I thank all Nigerians for their understanding and unflinching support, especially during these difficult times.

15. Thank you and may God bless the Federal Republic of Nigeria.


https://www.youtube.com/watch?v=9FcX3XsfZCs

K, though i didnt read that long writeup but tell president Buhari, has been good to Nigerians despite insults, but he should work on security and also work on power so industries could grow. They should try pass a bill to punish fraudsters, The country is very difficult for the common man to grow.
Ps From a concerned Nigerian

Rubbish speech


Most blessed nation on earth turns out to be the world headquarters of poverty.


Tufiakwa to all our leaders both past and present.

dukeprince50:
K, tell president Buhari we love him, he has been good to Nigerians despite criticisms and insults, he should work on security and also work on power so industries could grow

Didn't you just criticised him with your last expectations about security and power? Pot calling kettle black yansh

engrsyer:
Didn't you just criticised him with your last expectations about security and power? Pot calling kettle black yansh

nah, i was not criticizing him, i just said what i want from my president, i need security and power so i could do legit business in Nigeria without fear

We dey

I can confidently say more than 50 percent of the population of this country has never felt any direct impact of this fraud called democracy since they were born


Year after year they sign huge sum of cash as Budget
Yet never felt by the poor masses

The rich keeps getting richer

While the poor gets poorer

Many youths are left to fend for themselves by joining kidnapping gangs, Boko Haram and yahoo boys

But all these is about to change

Because God will raise a good sherperd who is going to lead the sheeps of Israel ...

Hold on a little bit, o Ye poor of the land
Just a little while and your savior shall come

But first you'll behold the punishment of your oppressors

That’s not bad.

Ok

Okay

Well done Mr President....

Well.noting to say.

Click on my name and buy what we sell and watch my youtube videos

Nowadays, I often see clips and not speeches of the president. Your video is no different. Clips of signing and not speech.

Were is the video

dukeprince50:
K, tell president Buhari we love him, he has been good to Nigerians despite criticisms and insults, he should work on security and also work on power so industries could grow. They should try pass a bill to punish fraudsters, The country is very difficult for the common man.
Ps From a concerned Nigerian

"We" speak for yourself.

Together we can make Nigeria better

Nigerian youths drop your differences and unite.


God bless Nigeria.

Budget budgeted for the looters

Ihatemumu:

"We" speak for yourself.

forgive my sins, i have edited

What useless speech


I won't bother myself reading that trash

Nigerians like voting for promises,
To be honest, we need leaders that can at least solve just one major problem,
Electricity,
Health care
Roads,
Education
Employment and Wealth Creation
Security

...
Just solve only one,

But no,
They will make all the promises like they can solve all problems within 4 years.


Nigerians are the smartest at the same time, most foolish set of people alive.
People will spend their life not having some basic needs mentioned above.


How can Giants of Africa and its citizens be satisfied being referred to as a 3rd World nation?
What lessons are we passing to the next generation, when we practice Tribalism and hate.

I don't see the function of government in this society, details of the the supposed appropriation act are not only imposed on the masses but in the long run do nothing but produce more poverty.

Buhari is the most useless president Africa has

israelmao:
Budget budgeted for the looters

Only a 'fool' will not agree with you. Every morning Nigerians are waking up from the slumber of lies and deceit from both past and present leaders-The wind of change is blowing slowly on Nigeria.#EndSARS

Implement pere.

dukeprince50:
nah, i was not criticizing him, i just said what i want from my president, i need security and power so i could do legit business in Nigeria without fear

Okay great and I got you.

Nice one

engrsyer:
Didn't you just criticised him with your last expectations about security and power? Pot calling kettle black yansh

you really cannot differentiate between a suggestion and criticism.

dukeprince50:
nah, i was not criticizing him, i just said what i want from my president, i need security and power so i could do legit business in Nigeria without fear

So you no dey do legit business like dis