I changed naira to dollars today and I almost cried

Nigerian superstar singer, Davido, is currently upset with the high dollar rate in Nigeria. The mulyi-talented singer took to his Twitter account to lament saying that he almost cried when he changed dollars to naira. Davido who is quite known for bragging about his wealth on social media once said he had made a lot of money and he was tired of making money in a video. However, in his tweet today, the singer stated that he almost cried when he changed his dollars to naira at the rate of N500 to a dollar. “Dollar don reach 500… I changed naira to dollar today and I almost cried smh this country nawa,” Davido tweeted.

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Federal Executive Council (FEC) Approves 13.08bn Budget For 2021!

The Federal Executive Council (FEC) has projected a N13.08 trillion budget for the 2021 fiscal year. Disclosing this to State House Correspondents after the weekly virtual FEC meeting presided over by President Muhammadu Buhari, the Minister for Finance, Budget and National Planning, Mrs. Zainab Ahmed, also said the oil benchmark has been pegged at $40 per barrel. The Minister, who was accompanied by Minister of State for Budget and National Planning, Clement Agba; the Minister for Information and Culture Alhaji Lai Mohammed and the Director-General of the Budget Office, Mr Ben Akabueze, also said the projected Capital Expenditure for the year is projected at N2.083 trillion. Other indices projected to tune the 2021 Budget includes oil production at 1.86 million barrels per day, 400,000 barrels of condensate; Gross Domestic Product (GDP) growth target at 3%; inflation target at 11.95%; and foreign exchange set at N379 to one dollar.

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