Politics President Buhari Presents N8.6 trillion 2018 Budget [BREAKDOWN]

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ProfRem

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President Muhammadu Buhari on Tuesday formally presented an N8.6 trillion 2018 budget to a joint session of the National Assembly.

The budget is dubbed ‘budget of consolidation,’ the budget was about 16 per cent increase from the N7.44 trillion appropriated in 2017.

the breakdown include:

- oil price of $45 per barrel and

- an estimate of 2.3 million barrels per day.

bug2018.JPG

- an exchange rate of N305 to $1,

- Real Gross Domestic Growth of 3.5 per cent and

- Iinflation rate of 12.4 per cent.
 
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