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%
- Growth rate: 3.5%
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