Yesterday, President Muhammadu Buhari presented the Budget 2018 proposal to a joint session of the National Assembly.Here is a breakdown of the #Budget2018:
Proposed Recurrent Expenditure – N6.18tn
Proposed Recurrent Expenditure – N6.18tn
Proposed Capital Expenditure – N2.42tn
Total Proposed Budget Size – N8.6tn
Assumptions:
Benchmark Oil Price $45 per barrel
Oil Production: 2.3mbpd
Exchange rate: N305/$1
Inflation Rate: 12.4%
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that is good