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Breakdown Of Budget 2018 Proposal



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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