N13trn 2021 budget proposal gets FEC approval
Nigeria’s Federal Executive Council (FEC) has okayed a budget estimate of N13.08 trillion for the 2021 fiscal year.
The council, in a meeting presided over by President Muhammadu Buhari, on Wednesday, pegged the budget proposal at an oil benchmark of $40 a barrel and at a production volume of 1.86 million barrels per day.
The Gazette also understands that the estimate is premised on a N379/dollar exchange rate.
More details shortly…
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