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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