Budget Proposal for 2021 Approved on 30th September 2020 at Federal Executive Council, FEC

 

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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