President Muhammadu Buhari on Tuesday presented a total of N8.612 trillion 2018 budget estimate to the joint session of the National Assembly.
The budget tagged” budget of Consolidation”, the president promised Nigerians of better days ahead.
He assured the national assembly of his administration’s commitment to ensure full implementation of the estimate.
The breakdown include: oil price of $45 per barrel and an estimate of 2.3 million barrels per day. The government also put an exchange rate of N305 to $1, Real Gross Domestic Growth of 3.5 per cent and and iinflation rate of 12.4 per cent.
In his remarks before the presentation, the Senate President Bukola Saraki tasked the federal government over the 2018 budget; saying how the budget is implemented will be the defining moment of the Buhari Administration.
He noted that the country needed to increase non-oil revenue, adding that infrastructure development must be a continuous priority of the administration.
“In the implementation, we must ensure that projects are not overpriced, while people must see a future for themselves in every corner of this country, ” he said.
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