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FEC APPROVES 13.08 TRILLION NAIRA

The Federal Executive Council, FEC chaired by the President Federal Republic of Nigeria, Muhammadu Buhari has approved 13 point 08 trillion naira budget proposal for the 2021 fiscal year.


The minister of finance, budget and national planning Zainab Ahmed announced this while briefing newsmen after the meeting of the council presided over by president Muhammadu Buhari.


The budget is predicated on a 40 dollar per barrel benchmark price of crude oil, oil production of one point 86 million barrels per day, exchange rate of 379 naira to one us dollar, GDP growth target of three percent and inflation rate of eleven point 95 percent.

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