Updated: FG to cut budget by N1.5T, crude oil Bench mark at $30, capital budget 20%

Minister of Finance, Budget and National Planning, Zainab Ahmed

The Nigerian government has announced revisions to its 2020 budget estimates that will cut the planned spending by as much as N1.5 trillion, it said late Wednesday. The government announced a cut in crude oil benchmark price down to $30, against the $57 proposed in the budget on the bac

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