FEC Approves Draft Budget of Five Trillion for 2013

[Nigeria First]The Federal Executive Council has approved a draft budget of N4.929 trillion for the 2013 fiscal year based on the production of 2.53 million barrels of oil per day with a benchmark of $75 per barrel as against 2.48 million per day at $72 per barrel in 2012 and also contracts for the transaction advisory services for the design, build, finance and operate of the proposed second Niger Bridge under the Public-Private Partnership (PPP) scheme and others.