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President Buhari Presented 20.51 Trillion Budget For 2023

President Buhari presented N20.51 trillion Budget for 2023

His excellency Muhammadu Buhari GCFR on Friday presented a N20.52 trillion appropriation bill. N8.53 trillion earmarked for recurrent expenditure, N3.96 trillion for capital expenditure, N827.8 Billion for personnel cost (MDAS).

At which the oil price benchmark is $73 per barrel, where as the crude oil production at 1.69MBPD and exchange rate at N437.57 per dollar.

The event which took place at the joint session of the senate and federal House of Representatives at the National Assembly on 7th October.

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In other news SERAP to sue Buhari’s Administration On the 9th October 2022, the Socio Economic Rights and accountability project Agency has posted on Twitter that they are suing the current government over illegal oil pipelines discovery.

 

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