
The Commissioner for Budget and Economic Planning, Aminu Gamawa, told the press yesterday that the development was as a result of the fall in global oil price caused by COVID-19.
He said, “The 2020 budget was signed by His Excellency in December 2019. Unfortunately, there was a break caused by the COVID-19 pandemic, which destabilized the world economy. All the assumptions we made on revenue that should come to the state in the budget has changed,” he said.
Source: The Guardian