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Breakdown of 2018 Budget

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The Nigerian president yesterday reveled the budget and Nigerians are not that surprised. The total budget amounts to a whooping sum of N8.61 trillion. Don’t you forget Nigerians are still crying of recession.

See breakdown below.

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%

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