Home News BREAKING: FEC approves N48trn budget for 2025
News

BREAKING: FEC approves N48trn budget for 2025

Share
BREAKING: FEC approves N48trn budget for 2025 | Daily Report Nigeria
Share

The Federal Executive Council (FEC), on Thursday, approved a proposed budget of N47.9 trillion.

Minister of Budget and Economic Planning, Atiku Bagudu disclosed this while briefing State House journalists after the FEC meeting presided over by President Bola Tinubu on Thursday.

This was part of the Medium Term Expenditures Framework (MTEF) for 2025 to 2027 and in line with the Fiscal Responsibility Act of 2007.

The FEC granted approved its submission to the National Assembly as required by the 2007 fiscal Responsibility Act.

The framework projected Gross Domestic Product (GDP) growth rate at 4.6 percent, exchange rate of $75 to the Naira, oil production of 2.06 million barrels per day.

 

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles
Omo-Agege Hails Ewubare's Appointment as NNPC GCOO | Daily Report Nigeria
News

Omo-Agege Hails Ewubare’s Appointment as NNPC GCOO

Former Deputy Senate President, Senator Ovie Omo-Agege, congratulates Roland Ewubare on his...

JUST IN: Former Oyo Governor Dr. Victor Olunloyo Passes Away at 89 | Daily Report Nigeria
News

JUST IN: Former Oyo Governor Dr. Victor Olunloyo Passes Away at 89

Former Oyo State Governor Dr. Victor Olunloyo has passed away just before...

Pa Edwin Clark is dead
News

Ijaw Leader Edwin Clark to be Buried on May 13

Ijaw leader Edwin Clark’s family announces his burial date as May 13,...

JUST IN: Minister Proposes Two-Year NYSC Program | Daily Report Nigeria
News

JUST IN: Minister Proposes Two-Year NYSC Program

A monster of the federation has proposed the extension of the NYSC...