Featured
BREAKING: FEC approves N13.08tn budget for 2021
TRACKING____The Federal Executive Council (FEC) has projected a N13.08 trillion budget for the 2021 fiscal year.
Disclosing this to State House Correspondents after the weekly virtual FEC meeting presided over by President Muhammadu Buhari, the Minister for Finance, Budget and National Planning, Mrs. Zainab Ahmed, also said the oil benchmark has been pegged at $40 per barrel.
The Minister, who was accompanied by Minister of State for Budget and National Planning, Clement Agba; the Minister for Information and Culture Alhaji Lai Mohammed and the Director-General of the Budget Office, Mr Ben Akabueze, also said the projected Capital Expenditure for the year is projected at N2.083 trillion.
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
Details shortly…
-
Gist5 days agoVIDEO: Congo’s president daughter’s bedroom video leaks
-
News7 days agoNIMASA DG JOB: Gbajabiamila Allegedly Collected $1m Bribe From Victor Ochei, Others Paid $2m, $3m, Tinubu’s Man Akinyelure Fingered, ONI-Okpaku Arrested ___Jackson Ude
-
Politics5 days agoPatani stands still as High Chief (Dr) Wayles honors his mother, remembering her legacy 5 years later.
-
Crime5 days agoAlowonle Arrested, Shot In Police Custody – Osun Park Managers
-
Sports4 days agoJuventus Terminates Paul Pogba’s Contract: What’s Next for the French Midfielder?
-
News5 days agoIGP Orders Arrest Of Osun Anti-Kidnapping Squad Leader Over Alleged Attempted Murder
-
Health3 days agoHEALTH CARE: GAVI, UNICEF Donate Free Essential Medical Equipment To Bayelsa State Govt.
-
Politics4 days agoFG Obeys Court’s Order, Stops FAAC Allocation to Rivers State