The President was accompanied by Vice-President Yemi Osinbajo, some cabinet members and presidential aides, to a joint session of the National Assembly today October 8 where he presented the budget which is tagged ''Budget of Economic Recovery and Resilience''.
The proposed budget is predicated on a deficit of N5.15 trillion and will be partly financed by a loan package of N4.28 trillion.
He told the lawmakers that the budget is based on an estimated oil price benchmark of 40dollars per barrel, daily oil production estimate of 1.86 million barrels (inclusive of condensates of 300,000 to 400,000 barrels per day) and an exchange rate of N379 per dollar.
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Sebastine Ejiofor Uroko
Wonder they say shall never ends.
Everyone is on nose masks except bubu the mighty man.
Masker can't wear masks. Very simple
Everyone is on nose masks except bubu the mighty man.
Masker can't wear masks. Very simple
Victor Divine
How can u finance a budget based on borrowing of 4.28trillion naira and u have a deficit of 5.15trilion and yet running at a loss of 40 dollars per barrel what a waste..
