Senate increases, passes 2020 Budget

The senate has passed the budget for the year 2020 following an increment from N10.33 trillion presented by President Buhari on October 8 to N10.6 trillion (10,594,362,364,830).

In the report presented by Jibrin, N560.47 billion is for statutory transfers.

While the daily oil production rate at 2.18 million per barrel was maintained, it however, increased the Oil Benchmark Price to $57 per barrel against the $55 proposed by the Executive.

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