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Nigerian govt cuts 2020 budget’s capital expenditure by N312bn

The Nigerian government Wednesday reviewed its proposed capital spending for 2020 downward by N312 billion.

The cut in the capital projects figure of the 2020 budget was necessitated by fall in revenue and oil prices following the outbreak of the coronavirus pandemic.

The national assembly and the judiciary will decide the reductions to be made to their allocations.

More details shortly…

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