Nigeria, March 20 -- The federal government made slight adjustments on the 2019 Medium Term Fiscal Framework and Fiscal Strategy Paper (MTEF/FSP) approved by the Executive Council of the Federation to accommodate some 'unanticipated expenditure items' in the 2019 budget proposals.

The Minister of Budget and National Planning, Udoma Udoma, who briefed the Senate Committee on Finance on Thursday on the 2019 Revenue and Expenditure Projections said the adjustments only affected the projected expenditure.

The government had pegged the 2019 budget proposal on key assumptions and macro-framework of 2.3 million barrels per day (bpd) of oil production; oil benchmark price of $60 per barrel; exchange rate of N305 per dollar; and inflation rate a...