FEC Approves N10.07trn 2020 Budget, Raises VAT To 7.2%

Abuja – The Federal Executive Council (FEC) meeting presided by President Muhammadu Buhari on Wednesday approved the 2020 budget of N10.07 trillion and the Medium-Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP).

Zainab Ahmed, Minister of Finance, Budget and National Planning, disclosed this while briefing State House correspondents, where she disclosed that the Federal…

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