FEC Approves MTEF, Proposes N8.73trn Budget For 2019

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The Minister of Budget and National Planning, Udo Udoma, has disclosed yesterday Wednesday, that the Federal Executive Council (FEC) has approved the 2019 – 2021 Medium Term Expenditure Framework (MTEF) and the Fiscal Strategy Paper (FSP). 





The budget estimate according to the Minister for the 2019 fiscal year is N8.73 trillion.





A credit facility of $1.5million from the Africa Development Bank for the Abidjan-Lagos corridor road project was also approved by the council, headed by the President of Nigeria, Muhammadu Buhari.





It also approved a contract for the rehabilitation of the Lagos-Badagry Expressway, specifically the 46km Section from Agbara-Badagry-Seme Border.


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