The federal government has reduced the 2020 budget following the In a new proposal sent to the National Assembly by the federal The oil bench mark was reduced from $57 per barrel to $30 per barrel, The Nation reported that the exchange rate was also increased from N305 to N360 to a dollar.
impact of the Coronavirus pandemic on the economic activities of the
country.
government, the 2020 budget was reduced from N10.594 trillion to N10.276
trillion.
while the oil production volume was reduced from 2.17 million barrel to
1.70 million barrel.
Coronavirus: FG reduces 2020 budget
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