EconomyNewsNigeriaFEC Approves Proposed N13.9 Trillion Budget
The Federal Executive Council (FEC) has approved the proposed N13.09 trillion budget for the 2021 fiscal year. While addressing journalists after the FEC meeting on Wednesday, the minister of finance, budget, and national planning, Zainab Ahmed, disclosed that the budget is based on an exchange rate benchmark of N379/$ and crude oil production of 1.86 million barrels per day (including 400,000 barrels of condensate) at $40 per barrel. She noted that the capital expenditure is...










