Featured
Buhari proposes N13.08trn budget for 2021 fiscal year
President Muhammadu Buhari has made a budget proposal of N13.08 trillion for the 2021 fiscal year. This was approved by the Federal Executive Council (FEC) on Wednesday at the FEC meeting in Abuja. the budget proposal is expected to be presented to the joint session of the National Assembly as soon as the president picks a date with the federal lawmakers.
The Minister for Finance, Budget, and National Planning, Zainab Ahmed, after the FEC meeting on Wednesday presided by President Muhammadu Buhari, gave a brief highlight on the budget.
She indicated that the oil benchmark is pegged at $40 per barrel; while the projected Capital Expenditure for the year is N2.083 trillion.
According to the minister, “Other indices projected to tune the 2021 Budget include oil production at 1.86 million barrels per day, including 400,000 barrels of condensate; Gross Domestic Product (GDP) growth target at 3%; inflation target at 11.95%; and foreign exchange set at N379 to one dollar.”
-
Aviation1 week agoGrenada grants visa-free entry to Nigerians, plans direct flight route to boost investment ties
-
Latest1 week agoAkpabio denies promising APC tickets to defeated Senators
-
Business4 days agoThe Pros and Cons of Nigeria’s $10bn Surge in Capital Importation
-
Politics7 days agoADC aspirant leads mass defection to APC in Kebbi
-
Football6 days agoChristian Eriksen stable after collapsing during Denmark–Ukraine friendly
-
Featured4 days agoNigeria must move beyond zoning, choose leaders based on competence ahead of 2027 – Baba-Ahmed
-
Latest4 days agoKwankwasiyya dismisses reports of Kwankwaso’s exit from NDC
-
Latest5 days agoObasanjo’s daughter quits APC, alleges marginalisation over Ogun governorship ticket process