The Federal Executive Council (FEC), yesterday, rose from its last meeting in 2024 with the approval of a N47.86 trillion budget proposal for the 2025 fiscal year. Minister of Budget and Economic Planning, Senator Atiku Bagudu, made this known while briefing newsmen at the end of the FEC meeting, presided over by President Bola Tinubu. According to him, the 2025 budget framework was based on oil price benchmark of $75 per barrel, oil production of 2.06 million barrels per day and exchange rate of N1,400 to a dollar. READ ALSO:…
Read MoreFEC Okays N47.96trn For 2025 Budget Proposal
