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FEC Approves Revised 2020 Budget

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5 months ago

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2020 Budget: Buhari To Sign Revised N10.8trn On Friday
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The Federal Executive Council, FEC has approved the revised Medium Term Expenditure Framework and the 2020 budget.

The revised estimates are based on $25 per barrel of crude oil at a production rate of 1.94 million barrels per day.

Earlier, Minister of Finance, Zainab Ahmed had hinted that the government would make the revision based on declining international oil prices and the impact of the coronavirus pandemic.

Ms Ahmed, who is also the Minister of Budget and National Planning, had told Reuters the government would drop the oil benchmark from the initial $57 per barrel to $30.

Read Also: NAFDAC Reacts To Claims Of Herbal COVID-19 Remedies

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Related Topics:Minister of Budget and National PlanningZainab Ahmed
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  1. Pingback: Rivers Govt Mourns Member Of Taskforce Who Was Attacked At Demolished Hotel, Converts Site To Primary School | ABN TV

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