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FEC Approves 2019-2021 MTEF, Proposes N8.6trn Budget For 2019, Predicate Oil benchmark at $60 P/B

The federal executive council has approved a medium term economic framework for 2019 to 2023 and proposed a projected budget of N8.65 trillion for 2019 indicating that it was targeting a tighter fiscal plan next year.
This was disclosed the minister of budget and national planning, Udo Udoma, when he briefed journalists after the weekly federal executive council meeting.
Statehouse correspondent Ikharo Attah reports that council also approved the borrowing of 1. 5 million dollars to fund road works on the Lagos-Abijan Highway corridor.

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