The Federal Executive Council has approved a budget estimate of N 13. 08trn for the 2021 fiscal year.
The fiscal document was approved at a meeting of the council on Wednesday presided over by President Muhammadu Buhari.
The Minister of Finance , Budget and National Planning, Zainab Ahmed, disclosed this to State House correspondents at the end of the meeting .
The minister said the budget proposal is predicated on N 379 per dollar exchange rate ; oil benchmark of $40 barrel per day; and oil production volume of 1. 86 million per day.
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