Coronavirus: FG slashes 2020 budget

President Buhari

Nigeria’s Federal Government has sent new reduced budget proposal to the National Assembly for approval as a result of the economic impact of Coronavirus pandemic.

The proposal to the National Assembly saw the budget being reduced from N10.594 trillion to N10.276 trillion.

According to The Nation

, the budget reduced the oil bench mark from $57 per barrel to $30 per barrel while the oil production volume was reduced from 2.17 million barrel to 1.70 million barrel.

The exchange rate increased from N305 to N360 to a dollar.

Details later…

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  • With all due respect to the readers and P M News,
    So President Buhari and his Cabals pay attention on critics and their commends very promptly. Now what you needed to do Daddy, pass the torch to Aisha Buhari and retire to Daura immediately. We are making arrangements for a thousands herds and some ducks for you, Abba Kyari, Mamman Daura and others could get busy with rest of your lives including a child wife like Lamido Sanusi did. I have to say that some leaders are born with the natural leadership skills and they become great leaders, some are born and become great leaders by learning and some are born and become idiots, an enemy of themselves and the humanity while pretending as leaders. In Nigeria most of the leaders are born and living as their own enemies and rest of the humanity by incompetency, denial and ignorance. How is Abba Kyari and why Mamman Daura run away to Daura? Corona kills, especially the elderly population, so wash your hands in every time you touch something.
    Please don't hate the messenger,
    Lal Ibru Matthew,
    Texas.

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