Fidelity bank banner NewsExpress advert
BREAKING: Buhari presents 2018 budget proposal of N8.6 trillion to National Assembly

By Mayowa Okekale, Abuja on 07/11/2017

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 1,292

•President Buhari
•President Buhari

President Muhammadu Buhari has presented the 2018 Appropriation Bill of N8.6 trillion to a joint session of the National Assembly.

The budget has a 30 per cent increment over that of 2017 which was N7.298 trillion.

Speaking during the presentation attended by members of the Federal Executive Council (FEC), the President said: “The 2018 budget will consolidate on the previous budgets to actualise the economic growth recovery plan of this administration. 2018 is expected to be a year of positive and better outcomes.”

Buhari stressed that the budget made provision for the oversight and governance expenditure for the clean-up of Ogoni land in Rivers State.

He lamented the challenges being faced in the power sector but noted that “it still remains a work in progress.”

Buhari enjoined the National Assembly to expedite action on the Bill.

Senate President Bukola Saraki, in his address, said the presentation of the budget earlier than December “is a welcome development”, pledging early passage of the budget.

Speaking on the need for the diversification of the economy, Saraki said: “We must grow our economy away from oil as well as the need to increase non-oil revenue generation and collection. We must reassess the relationship between oil and our economy. Oil prices are gradually inching up, but that is no reason for complacency.”

Saraki also stressed that the implementation of the budget must anchor on the #MadeInNigeria project, assuring that the National Assembly will work with the Executive team to bring out the best out of the budget.

‎The document, which is the third one presented by the President after his inauguration in May 2015, contains financial estimates of revenue and expenditure of the federation for the coming year, 2018.

Source News Express

Posted 07/11/2017 3:45:23 PM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

 

You may also like...
Open letter to President Jonathan, By Tola Adeniyi...

Fire razes INEC Office in Imo

UBA offloads 2.09bn shares

Use bail-out fund to pay workers’ salary arrears,...

Police officers ordered to uphold human rights

Osinbajo reshuffles permsecs

Ohakim’s Oak Refinery a failed project?

Lagos donates N150 million to Borno, Yobe, Adamawa...

Rivers Govt. clears the air on $280m loan,...

Ex-Nasarawa Governor dies in Israel

2 reported dead as farmers, Fulani herdsmen clash...

Atiku declares for APC today?

 

Latest News BREAKING: Real Madrid beat Liverpool in 2018 Champions League final EFCC begins probe of Obasanjo's $16bn power projects 30th May will witness a total lock-down of South East, South South - IPOB Police Recruitment: JAMB screens 37,000 candidates in 156 CBT centres Armed bandits kill community leader in Benue JOHESU appeals court judgement ordering it to suspend strike Anti-graft fight: We need support, not condemnation — FG If you use your powers negatively, posterity will haunt you - Jonathan tells Buhari Military confirms fire incident at Conoil fields in Bayelsa MeCAM laments effects of wanton killings on Nigerian children, tasks FG IDPs rape report: Stop living in denial, HURIWA tells FG 2018 African Brand Congress to hold in Nigeria

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (345,989 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (342,922 views) Shameless Genevieve Nnaji exposes breasts in public (274,099 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (225,360 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (205,610 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (203,432 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (177,472 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (159,750 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (150,644 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (143,998 views) Lagos plane crash: Journalist releases victims’ names (140,395 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (132,791 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (43) Business & Economy (3,163) Business Verdict (43) Columnists (858) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (498) Features (598) Global Business Monitor (275) International (1,974) Interview (149) Live Commentary (28) Love Matters (120) News (35,633) Opinion (973) Pidgin (10) Politics (5,079) Religion (747) Sports (1,519) Stock Watch (29) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

Boko Haram commanders surrender

 

APO Group Partner

 

 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement