In News by Oluwaseun Samuel on the 30th, September, 2020

FEC Approves N13.08tn Price range For 2021

FEC Approves N13.08tn Budget For 2021

Muhammadu Buhari

Muhammadu Buhari

The Nation stories that the Federal Government Council (FEC) has projected a N13.08 trillion finances for the 2021 fiscal yr.

Disclosing this to State Home Correspondents after the weekly digital FEC assembly presided over by President Muhammadu Buhari, the Minister for Finance, Price range and Nationwide Planning, Mrs. Zainab Ahmed, additionally mentioned the oil benchmark has been pegged at $40 per barrel.

The Minister, who was accompanied by Minister of State for Price range and Nationwide Planning, Clement Agba; the Minister for Data and Tradition Alhaji Lai Mohammed and the Director-Basic of the Price range Workplace, Mr Ben Akabueze, additionally mentioned the projected Capital Expenditure for the yr is projected at N2.083 trillion.

Different indices projected to tune the 2021 Price range embody oil manufacturing at 1.86 million barrels per day, together with 400,000 barrels of condensate; Gross Home Product (GDP) progress goal at three%; inflation goal at 11.95%; and international change set at N379 to at least one greenback

Particulars shortly…

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