Nigeria News App

Join NN App My Account
Stats: 655 members, 3,494 topics. Date:   Fri, 15 2019 at 12:11 pm
For more please contact us @ [email protected]

Nigerian News

FrontPage Forum Must Read Latest Posts Breaking News Entertainment Politics Business Economy Sports Romance General Hausa News
Trending :
Join NN App Earn by reading news Sign in My earnings Invite friends Income record How it works FAQ Testimonial Income support Today offer

Developing Story: FEC sets to approve 2019 budget as Buhari presides

By - - [ ]

The Federal Executive Council (FEC) is set to approve next year’s budget as President Muhammadu Buhari presides the session holding at the Presidential Villa, Daily Trust online reports.

Our correspondent reports that today’s FEC was specially convened for the consideration and approval of the proposal for next year’s budget.
In attendance, are the Secretary to the Government of the Federation, Boss Mustapha, the Chief of Staff, Abba Kyari,the Head of Service of the Federation, Winifred Oyo-Ita and 25 ministers.

The FEC had on 24th October approved the Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) for the 2019 -2021 to provide template for the 2019 budget.
The session which was presided over by President Buhari approved a budget estimate of N8.73tr for the 2019 budget, N400bn lower than that of this year.
The price of crude oil per barrel was pegged at $60, exchange rate at $305 and daily crude oil production was put at 2.3m by the FEC.

The MTEF/ FSP was designed to translate strategic development objective of the economic recovery and growth plan into a realistic and implementable budget framework.
After today’s approval, the proposal is expected to be presented to the joint session of the National Assembly next week by President Buhari

Like .

Others are reading

13 Comments Nigeria News
yetty031009• 11 months ago
Fatimabello• 11 months ago
Olite1996• 11 months ago
by this time...........
Danson92• 11 months ago
ANOINTING• 11 months ago
Iamajtofunmi• 11 months ago
Iyamahsolomon• 11 months ago
olakunle031009• 11 months ago
Slow govt
Irphilippe• 11 months ago
Abiodun• 11 months ago
Ok ooo
Keshinismail• 11 months ago
innkayobami• 11 months ago
Slow people
AdetolaAkomolafe• 11 months ago

(Go Up)

Have a news to share? Contact Email: [email protected]

NIGERIA NEWS APP ( is a website owned by IAR (IJMBway Alevel Registraion) a registered company that pays you for reading news, commenting on every news, sharing our ads on Twitter/ Facebook, inviting friends & family and logging daily. You can make upto ₦200,000 just by inviting people to read Latest Nigerian News & Breaking News in Nigeria. Register today with ₦1,600 to become a member.

© 2018 - Nigerian News App.