Wednesday, 19 December 2018

Lawmakers Boo Buhari As He List Out His Achievements While Presenting The 2019 Budget


President Muhammadu Buhari today, proposed 8.8trillion Naira budget for 2019 to the joint session of the National Assembly. The presentation of the budget was presented under a rowdy session as
opposition lawmakers repeatedly boo the President as he listed his achievements. The President also cautioned Lawmakers in the joint session of the National Assembly to comport themselves as they are on television and being watched around the world.

"May I appeal to the honorable members that the world is watching us and we are supossed to be be above this", The President said and was applauded by some of the lawmakers.

The budget proposal was prepared based on fully assumptions, all priced $60 per barrel of oil production rate with 2.3million barrels per day with an exchange rate of #305 to $1.
Real GDP growth rate of  3.01% inflation rate of 9.9%.

All of the 2019 budget break down includes; Recurrent 4,04trillion Naira, debt servicing 2.14billion Naira, statuary transfer 492.36billion Naira, sinking fund 120billion Naira and capial expenditure 2.301trillion Naira.

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