Nigeria's 2021 Budget has been approved by Cabinet and will be presented to National Assembly, NASS in October
In a series of tweets from Tolu Ogunlesi, @toluogunlesi, special Assistant to President @MBuhari on Digital and New Media. Head @DigiCommsNG
"Budget proposal for 2021, approved today, 30th September, 2020 at Federal Executive Council FEC...
Oil benchmark: $40
Oil production: 1.86m bpd (incl 400k of condensate)
FX: N379/$
GDP growth target: 3%
11.95% inflation target
N13.08 trillion naira total aggregate expenditure (29% CAPEX) with a deficit of N4.48 trillion
In 2021 budget, FX benchmark moving from N360 to N379, says Minister of Finance @FinMinNigeria, announcing details of Nigeria's 2021 Budget, which has just been approved by Cabinet and will be presented to National Assembly, NASS in October
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