The Federal Government will propose to the National Assembly about N9.79 trillion as total expenditure in the 2020 budget, the Minister of...
for power sector reform programme , and Presidential Amnesty Programme .
The minister said capital expenditure for 10 top GOEs have been put at about N188.23 billion; grants and donor-funded projects , and multilateral/bilateral project-tied . To reverse the challenges, she said key reforms under the strategic revenue growth initiative will be implemented to boost revenue collection and expenditure management.
She said a lower benchmark crude oil price of $55 per barrel was adopted against $60 per barrel in 2019, because of the assumption of the expected oil glut from oversupply in 2020 as well as the need to establish a cushion against unexpected price shock.
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