Nigerian Government reduces 2020 budget

April 9, 2020 by Don Saint 0 Comments

The Federal Government has sent new budget proposal to the National Assembly for consideration in view of global economic realities as a result of the COVID-19- pandemic.

The new proposal sighted by The Nation, which is being considered by the National Assembly, reduced the 2020 estimate from. N10.594 trillion to N10.276 trillion.

It also reduces the oil bench mark from $57 per barrel to $30 per barrel while the oil production volume was reduced from 2.17 million barrel to 1.70 million barrel.

The exchange rate increased from N305 to N360 to a dollar.

– The Nation

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PR Guru / Author / Promoter / Controversial Writer / Hip Hop Artiste / Actor / Human Rights Activist. The First Nigerian Hip Hop Artiste to obtain a Masters Degree (M.A) in Arts ( Religion & Human Relations). The author of one of the most controversial books in Nigeria; "Emancipation from Masturbation". With over 12 Movies and 3 Musical albums since 2003. Former Events Manager at Silverbird’s Rhythm Fm Awka Station till 2010. For more info. Call : 08033239298.

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