Breakdown of 2018 Budget Estimates

Budget size: N8.612 trillion (16 % higher than 2017 estimates)

Assumptions, projections

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• Benchmark crude oil price-US$45 per barrel

• Oil production estimate – 2.3 million barrels per day

• Exchange rate – N305/US$ for 2018

• Real GDP growth of 3.5 per cent

• Inflation Rate of 12.4 per cent

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Buhari Presents 2018 Budget To NASS

Buhari proposes N8.6trn budget for 2018

President Muhammadu Buhari has proposed N8.6trn for the 2018 financial year. Buhari made this known at the Joint Session of the National Assembly on Tuesday in Abuja, during the presentation of the 2018 Budget Proposal. The President assured that the 2018 budget would be a consolidation of the earlier ones . . .

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NORTH BY NORTHWEST

Will “Tinubusm” and “Buharism” still be married in 2019? Will the north concede power to its strange bedfellow from the west? Whither the east in these calculations? . . .

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Atiku Reacts to Mama Taraba’s Comment on Buhari, APC & 2019 Election

Nigeria’s former Vice President, Atiku Abubakar, has said the comments by Minister of Women Affairs, Aisha Jumai Alhassan (a.k.a. Mama Taraba), concerning President Muhammadu Buhari . . .

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Senate Confirmation: Osinbajo Talks Tough ‘Magu Remains EFCC Chairman’

Magu will remain EFCC chairman as long as Buhari and I remain in office – Osinbajo; Senate’s Magu confirmation saga: Sagay backs Osinbajo; Represented by El-Rufai, Osinbajo backs Magu . . .

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Igbo Quit Notice, Buhari, Economy, Infrastructure & Restructuring Nigeria

Igbo quit notice: Igbo leaders meet, back ‘One Nigeria’ but restructure the country; Igbo quit notice: Igbo leaders issue communiqué after Enugu meeting; Igbo quit notice: Arewa Youths to reconsider ultimatum; APC’s priority is economy & infrastructure, not restructuring – Oyegun; First Lady jets to London to visit President Buhari; ‘I didn’t file any suit against police’ – Billionaire kidnapper, Evans; Nigerian companies have 29 private jets registered in South Africa – FIRS  . . .

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Yoruba Leaders Plotting To Make Yemi Osinbajo President – Coalition of Arewa Youths

A Coalition of Arewa Youths has warned that the alleged plot by Yoruba leaders to make the Acting President Prof. Yemi Osinbajo the President of Nigeria in President Muhammadu Buhari’s stead will fail. . . .

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PHOTO NEWS: Nigeria’s Buhari Presents 2016 Budget

PHOTO NEWS: See the pictures of President Muhammadu Buhari and the lawmakers from both the Senate and the House of Reps, during his presentation of the 2016 Budget and also when he made his budget speech: “The Budget of Change” to a joint session of the National Assembly. Buhari delivered the speech in the House of Representatives Chamber (Green Chamber).

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