2018: FG proposes N8.612trillion budget to NASS
President Muhammadu Buhari, Tuesday layed before a joint session of the National Assembly an estimate of N8.612tn as 2018 budget.
Buhari christened it “budget of consolidation.”
He said the bill would drive rapid economic recovery which is his core focus and add value to the citizenry.
At the session, President Buhari said with a benchmark of 45 dollars per barrel at an exchange rate of N305 to a dollar in 2018, the budget would consolidate on the achievements of previous budgets to aggressively steer the economy to the 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,’’ he said.
According to him, the government would continue to develop infrastructure and increase investments in agriculture to attain food security and reduce importation.
He added that while the federal government was committed to identifying alternative means of funding new projects, there was need to continue to pursue public private partnership, to provide more infrastructure in the country.
According to him, the federal government has been able to construct or rehabilitate about 776-kilometer roads in 2017.
The president said construction of Abuja metroline had attained 98 per cent completion, adding that work had commenced on the Ajaouta-Itakpe rail line which was abandoned for 17 years.
He said that the project would be delivered in September 2018, adding that the country’s power sector would witness a turn around.
“The power sector reform is still working in progress as we have increased power generation but we still have some challenges in transmission and distribution network,’’ Buhari said.
He added that the federal government was committed to green alternative energy.
It’s on note that activities that led to the presentation of Budget by President is coordinated by the office of the Senior Special Assistant to the President on National Assembly Matters-Senate and that of the House of Representatives.
Senator Enang ensured the successes of the event and deserves commendation on the successes recorded.
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