FEC Approves 2019 N10.7 Trillion Budget

2020 Appropriation Bill

Federal Executive Council has approved a ten trillion and seven hundred thousand Naira for 2020 Appropriation Bill.

The bill is to be sent to the National Assembly for consideration and approval.

Finance Minister, Mrs. Zainab Ahmed, announcing this to the state house correspondents after the weekly meeting of the council, says #7.5 trillion revenue is projected.

The proposed budget, according to the minister is based on the daily production of 2.1 million barrels of crude oil with $55 per barrel benchmark price.

She puts the projected deficit of the proposed budget at #2.15 trillion.

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