Fidelity bank card banner Camano banner
Senate finally passes 2018 budget, increases oil benchmark from $45 to $51

By Mayowa Okekale, Abuja on 16/05/2018

Views: 790

•President Buhari presenting the 2018 budget
•President Buhari presenting the 2018 budget

 

The Nigerian Senate has finally passed the long-awaited 2018 Appropriation Bill and increased the oil benchmark from $45 to $51.

The budget, which was pegged at N8.6 trillion by President Buhari, was increased to N9.1 trillion after the National Assembly’s deliberations.

Recall that President Muhammadu Buhari laid the budget in November last year during a joint session of the Assembly.

As presented by the Chairman on Appropriations, Danjuma Goje, the following were maintained; the crude oil production at 2.3mbp/d and the exchange rate at N350/$1.

The following were also recommended and approved, N530 billion for statutory transfers, N 2.2 trillion for debt service, N190 billion for sinking funds to aid maturing loans, N3.5 trillion for recurrent non-debt expenditure and N2.8 trillion for development fund for Capital expenditure. The budget is expected to run for 12 calendar months.

Source News Express

Posted 16/05/2018 7:46:53 PM

 

 

CLASSIFIED ADS

 

You may also like...
Serving governor arrested for corruption

Enugu DISCO expends N10bn on meter procurement •Inherits...

Wike sacks LG caretaker committee chairmen

Dangote clarifies reason for introduction of new 52.5N...

Time to free Journalist Luka Binniyat: My visit...

North Korean leader executes 340

Italian minister, parliamentary president join hundreds to mourn...

Tribunal orders CCB Director to appear as witness...

Protests mark opening of European Parliament

FG dragged to court for failing to reveal...

Anambra Guber: Why we’re not holding campaign rallies...

Vote Buying: EFCC intercepts 'huge cash' allegedly belonging...

 

Latest News New twist in COZA Pastor’s rape saga: Police invites Timi, Busola Dakolo over alleged falsehood Banditry: Angry villagers take corpse to Zamfara Government House I am ready to lay down my life for Nigeria’s recovery — Obi American firm hoists Nigerian flag to honour exceptional employee Ruga: BNYL asks Igbo, Ijaw, Efik in North to return home as CNG’s deadline approaches Cultists wear Obas’ regalia, Ondo monarchs allege Insecurity: FG begins consultations with traditional rulers Police kill four teenage robbers in Edo Anambra community dismisses armoury rumour, threatens court action US-led war looming with Iran 1 killed, 8 injured in Ogun petrol tanker fire Enyimba Economic City receives further boost as IFC signs agreement

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (510,399 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (431,685 views) Shameless Genevieve Nnaji exposes breasts in public (373,683 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (316,869 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (282,625 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (247,311 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (239,449 views) 10 cars more expensive than Jets (224,152 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (221,349 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (208,909 views) Lagos plane crash: Journalist releases victims’ names (188,480 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (187,096 views)

 

NLNG Job Vacancy

CBN banner advert

UBA Wise Savers Promo

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (97) Business & Economy (4,358) Business Verdict (76) Columnists (1,075) Complaints & Requests (95) Enterprise & Opportunities (211) Entertainment (636) Features (780) Global Business Monitor (396) ICT Monitor (54) International (3,730) Interview (193) Live Commentary (30) Love Matters (164) Maggie's Blog (342) News (48,876) Opinion (1,293) Pidgin (17) Politics (11,173) Religion (1,051) Sports (2,106) Stock Watch (39) AMA & Al Jazeera Global Update

 

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera