Here are 10 Things you should know about the Proposed Revised 2020 Budget
1. FG proposes $25 per barrel as new oil benchmark price. Revised Oil Revenue target is N924bn as against N2.64tn earlier approved by NASS, a 65% reduction
3. A significant cut was made to Customs revenue target from N618bn as approved to N450bn in the revised proposal, a 27% decrease.
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UBEC & BHCF budgets are tied to revenue performance but govt is not augmenting the shortfall for these budget lines.
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6. Allocations for the security sector - Interior, National Security Adviser and Defence - were largely untouched.
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Why are capital projects in health sector cut in a pandemic?
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