President Muhammadu Buhari on Tuesday presented the sum of ₦8.612 trillion as the 2018 Appropriation Bill to a joint session of the National Assembly in Abuja.
The President stated during the session that with a benchmark of 45 dollars per barrel at an exchange rate of ₦305 to a dollar in 2018, the budget would consolidate on the achievements of previous ones to steer the economy towards a path of steady growth.
“With the economic recovery made so far. It is clear that we made the right decisions. And I urge you all to support the Federal Government’s policies towards economic recovery,” Buhari said.
He added that the Federal Government was committed to identifying alternative means of funding new projects and reiterated the need to pursue public private partnership to provide more infrastructure in the country.
He disclosed that his government had so far been able to construct and rehabilitate about 776 kilometers of road in 2017 alone while the Abuja Metro line has attained 98 percent completion.
He pleaded for a speedy perusal and approval of the projected expenditure which he said would drive the rapid recovery of all sectors of the Nigerian economy.
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