Boos and Applause as Buhari presents N8.83 trillion 2019 budget to National Assembly

President Muhammadu Buhari on Wednesday presented to the National Assembly an N8.83 trillion naira budget for 2019 amidst boos and applause from lawmakers.

The president arrived the complex of the National Assembly to cheers from supporters but that soon changed as members of the opposition party repeatedly booed as he listed his administrations achievement as well as progress made
in the fight against corruption.

The proposal submitted by the president was prepared with a benchmark of $60 per barrel for crude oil, with an average 2.3 million barrels per day and a dollar to naira exchange rate of N305.

The 2019 appropriation bill include N4.04 trillion for Recurrent expenditures while Capital expenditure hlaf of that at N2.031 trillion. N2.14 trillion was budgeted for Debt servicing, Statutory transfer at N492.36 billion and N120 billion for Sinking Fund.




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