Posted on Thu 21 Jun 2018, 05:04 PM

2018 budget of consolidation breakdown:

Total Expenditure - N9.12tn

Revenue projection - N7.17tn

Recurrent expenditure - N3.51tn

Capital expenditure - N2.87tn

Budget deficit- N1.95tn

Oil revenue-N2.99tn

Non-oil revenue- N4.18tr

Debt service - N2.01tn

Sinking fund- N190bn

Statutory transfer - N520bn

Key assumptions and macro-econimic framework of 2018 budget :

Oil production- 2.3mbpd

Oil price - $51pb

Exchange rate - N 305/$

Inflation -12.4%

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