President Muhammadu Buhari and his cabinet members at the Federal Executive council meeting on Wednesday, September 30 2020 approved a budget estimate of N13.08trn for the 2021 fiscal year.
The Minister of Finance, Budget and National Planning, Zainab Ahmed, disclosed this to State House correspondents at the end of the meeting.
The minister said the budget proposal is predicated on N379 per dollar exchange rate; oil benchmark of $40 barrel per day; and oil production volume of 1.86 million per day.
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