FG budgets N8.612trn for 2018
The sum of N8.6trn has be budgeted by the Federal Government for both capital and overhead expenditure in the coming year.
In his presentation of the 2018 budget estimate to the joint session of the National Assembly today the President, Muhammadu Buhari disclosed that the budget was predicated on oil benchmark of $45 per barrel and an expected output of 2.5 million per day.
He also stated that the exchange rate was being pegged at N305 to a $. The President further stressed that more stingent measures would be applied against smuggling adding that smugglers remained economic sabotuers and would be treated as such.
The president did not omit the corruption war as he said that the fight would be more intense in 2018 stressing that the whisltle blowing lines were still open to blowers.