Tag: 2018 budget

"If we get entertainment right, we won’t need oil."

Nearly 60 per cent of the budget will be used for capital spending.

The House members began discussing the bill last Tuesday.

The budget is about N17 billion higher than that of 2017

The budget is the largest for a single state in Nigeria's history.

The document must be passed before the budget.

The budget proposal is 15 per cent above the 2017 budget of N127.921 billion

The lawmakers are yet to consider the Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP)

The comment divided the Senate on Tuesday.

About 64. 7 percent of the budget proposal is allocated to capital expenditure.

The Senate is also to commence debate on the bill on the same day.

The government says attention will be on taxes.

“South Africa is budgeting about $116 billion against Nigeria’s $23 billion; Algeria $53 billion and Egypt $40 billion."

Nigeria defaults every year since leading other African countries to commit to 15 per cent annual health funding.

A formal bill for an Act establishing the NCDC is yet to be passed to law.

The government says it will de-emphasise domestic borrowing, focus on foreign loans.

“Even with the sectoral allocation, I believe it is a budget for the common man.”

“Oil prices are gradually inching up, but that is no reason for complacency in our diversification drive.”

“The bond will be used to finance renewable energy projects.”

Three key ministries will get money more than 12 others combined.

Total federally-collectible revenue is estimated at N11.983 trillion in 2018.

“The 2018 budget proposal presented by President Muhammadu Buhari was well received, we are all happy.”

The executive proposed a budget of N8.6 trillion.

Mr. Buhari announced that the budget is projected at an oil price of $45 per barrel

The lawmakers met just before the president started the budget presentation..