Nigerian Govt Proposes U.S.$27 Billion Budget for 2020

The proposed 2020 budget is lower compared to the 2019 budget of U.S.$29 billion. Finance Minister Zainab Ahmed has disclosed that the 2020 budget is predicated on certain key assumptions, including oil production of 2.18 million barrels per day, a benchmark oil price of U.S.$55 per barrel, an exchange rate of N305 per dollar, and a projected revenue of N7.6 trillion.

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(file photo).

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