Politics

President Buhari Proposes A World Record Breaking N8.6trn Budget For 2018

President Buhari Proposes A World Record Breaking N8.6trn Budget For 2018

Nigeria’s Joint National Assembly has been presented with 2018 budget by President Buhari today. The Federal Government plans to spend about N8.6tn next year, a jump of about 15 per cent from the N7.44tn budgeted for the current year.

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The figures were contained in the 2018-2020 Medium Term Expenditure Framework and Fiscal Strategy Paper, which Buhari had earlier sent to the National Assembly in compliance with the provisions of the Fiscal Responsibility Act, 2007.

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