FEC approves 2021 budget of N13.08tn

September 30, 2020
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The Federal Executive Council (FEC) has approved N13.08 trillion for the 2021 Budget.

The 2021 Budget is predicated upon an oil benchmark of $40 per barrel.

The Senior Special Adviser to President Muhammadu Buhari on Public Affairs, Mr. Ajuri Ngelale, disclosed this on Wednesday.

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The approval is coming ahead of the budget presentation by President Buhari to the National Assembly next week.

Ngelale announced: “The Federal Executive Council has projected a N13.08 trillion budget for the 2021 fiscal year.

“It is predicated upon an oil benchmark of $40/bl. Proposed Capital Expenditure stands at N2.03tn.”



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