Buhari Presents N7.28 Trillion “Budget of Recovery and Growth” To National Assembly For 2017

Buhari Presents N7.28 Trillion “Budget of Recovery and Growth” To National Assembly For 2017

President Muhammadu Buhari on Wednesday formally presented a N7.28 trillion federal government budget for 2017 to the joint session of the National Assembly for approval.

Christened the “Budget of Recovery & Growth”, Mr. Buhari said the budget was higher than the N6.07 trillion 2016 Appropriation by about 19.95 per cent.

Details of the proposed budget showed that it was based on crude oil benchmark price of $42.5 per barrel, against the benchmark price of $38 per barrel used in the 2016 budget.