President Muhammadu Buhari has presented to the National Assembly, a N7.28 trillion federal government budget for 2017.
Termed the “Budget of Recovery & Growth”, the president said the budget was higher than the N6.07 trillion 2016 Appropriation by about 19.95 per cent.
A crude oil benchmark price of $42.5 per barrel, against the benchmark price of $38 per barrel used in the 2016 budget was set.
Further details of the proposed budget showed that government proposed to spend about N2.243 trillion on capital projects and N2.9 trillion as recurrent expenditure.
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