The budget was passed after the appropriation committees of the senate and the house of representatives moved for its consideration.

In November, President Muhammadu Buhari presented to a joint session of the national assembly a proposed sum of N8.6 trillion for 2018.

The president had proposed N3.5 trillion as recurrent (non-debt) expenditure, while N2.4 trillion was earmarked for capital expenditure.

But the lawmakers raised the budget by N500 billion. They also increased oil benchmark from $45 to $51.


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