The Federal Government, has announced significant changes in key
parameters in the 2020 budget, cutting down its projected earnings
from the oil and gas sector by eighty per cent to one point one
trillion naira and also slashing its total projected earnings by
fifty-four point six-five per cent to three point nine trillion naira.
This was revealed by a Federal Government team, led by the Minister of
Finance, Budget and National Planning, Mrs. Zainab Ahmed, at a
citizen’s dialogue webinar on Nigeria’s response to the fall in oil
prices and the COVID-19 pandemic.

The dialogue was organized by the Ministry of Finance, Budget and
National Planning and the United Kingdom Department for International
Development.

Other government officials who supported Mrs Ahmed at the session
included Prince Clement Agba, Minister of State, Budget and National
Planning; Mr. Ben Akabueze, Director-General, Budget Office of the
Federation; while the Nigeria Economic Summit Group, was represented
by its Chief Executive Officer, Mr. Laoye Jaiyeola.

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