The federal government has proposed N47.9 trillion as the national budget for the year 2025. TheNewsGuru.com (TNG) reports the Minister of Budget and Economic Planning, Atiku Bagudu disclosed this on Thursday.
Speaking after the federal executive council (FEC) meeting presided over by President Bola Tinubu, Bagudu said the government pegged the crude oil benchmark at $75 per barrel and oil production at 2.06 million barrels per day (bpd).
He also disclosed that the exchange rate was pegged at N1,400 per dollar, noting that the government is targeting a gross domestic product (GDP) growth rate of 6.4 percent.
Details shortly…