Federal Government Proposes N6.8tr As 2017 Budget

The Federal Government has proposed the sum of N6, 866,335,052,740 as budget for 2017 fiscal year.

The government also put the oil production figure for 2017 at 2.2 million barrels per day, while the projected oil benchmark price is put at $42.50.

Average exchange rate for 2017 is slated at N290.00 per dollar.

These were contained in the Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) submitted to the Senate by President Muhammadu Buhari on Tuesday.

The government budgeted N6,060,677,358,227 for the 2016 fiscal year, while it pegged the oil production volume also at 2.2mbp.

The oil benchmark for 2016 was slated at $38, while the average exchange rate for the same year was put at N197 per dollar.

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  • I just dey laugh


  • Mezzy Gilbert

    Ds oil go kill ds people

    • chika bibian

      This present administration go die put inside…

  • Mezzy Gilbert

    Which way nigeria

  • Cornel Nwankwo

    Good to know
    The problem with budget is that the money do not actually go to the right places where it was budgeted.
    Hope better things are done come 2017

  • This one na Oil budget, no agriculture, for inside

  • emekachilaka

    imagine this crazy people anyway that na their bixness

  • kayode akinsanya

    Hmmmm… Nice one. It’s well

  • Olovo Obinna

    The 2016 own,…..i have not seen the impact from the budget so fa…wonder what this people are even doing in office

  • WillieBravo

    That’s no small money men