BREAKING: FEC approves N13.08tr for 2021 Budget
The Federal Executive Council (FEC) has approved N13.08 trillion budget for the 2021 fiscal year. Minister for Finance, Budget and National Planning, Mrs. Zainab Ahmed disclosed this after the weekly virtual FEC meeting presided over by President Muhammadu Buhari. Mrs. Ahmed said for the 2021 budget, the oil benchmark has been pegged at $40 per barrel.
The Minister also said N2.083 trillion was projected Capital Expenditure.