Coronavirus: FG to reduce 2020 Budget.

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The federal Government has sent a new budget proposal to the National assembly for consideration.

According to The Nation, the new proposal reduced the 2020 budget from N10.594 trillion to N10.276 trillion, dropped the oil bench mark from $57 per barrel to $30 per barrel.

The volume of oil production was also reduced from 2.17 million barrel to 1.70 million barrel as exchange rate rose from N305 per dollar to N360.

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