The Federal Executive Council (FEC) has approved a budget proposal of N13.08 trillion for the year 2021.
Its assumptions are based on an oil benchmark of $30 per barrel; oil production of 1.86m bpd including 400 000 barrels of condensate; foreign exchange, N379/$; GDP growth target: 3% and 11.95% inflation target.
According to the Minister of Budget and National Planning, Mrs. Zainab Ahmed, who briefed State House correspondents after the one-agenda meeting of the council presided over by President Muhammadu Buhari on Wednesday, 29% of the total aggregate expenditure (N2.083trillion) will be devoted to capital expenditure.
The budget has a deficit of N4.48 trillion.
Details soon…
YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNE
We’ll remain impartial in tackling Boko Haram, banditry ― Buratai
Chief of Army Staff, Lt General Tukur Buratai has stressed that the Nigerian Army will continue to carry out its duties of tackling insurgency, banditry, criminalities and safeguarding the territorial integrity of the country without partiality.
Kwara presents appointment letters to seven traditional rulers
Kwara State Government has presented letters of appointment to seven newly appointed third class and fourth class traditional rulers.
The official presentation followed the approval by Governor Abdulrahman Abdulrazaq after the ratification of same by the Kwara State Council of Chiefs.
Nigerians united in anxiety about country’s future, says Awolowo Dosumu
Former Nigerian Ambassador to The Netherlands, Dr Olatokunbo Awolowo Dosumu, on Sunday, said that Nigerians are united in anxiety about the future of the country.
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2021 budget proposal
Lagos Assembly commends LASU for being number two in Nigeria
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2021 budget proposal
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