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FEC approves 2021 budget of N13.08tn

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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 on his Twitter handle.

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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