THE Federal Government Wednesday approved the 2018-2020 Medium Term Expenditure Framework, MTEF, and the Fiscal Strategic Paper, FSP with the commitment to achieving seven per cent growth rate by 2020 in accordance with the Economic Recovery and Growth Plan. ERGP.

This is as the Federal Executive Council, FEC, has approved the refinancing of Treasury Bill to $3 billion which as about N900 billion.
Briefing State House Correspondents after the weekly FEC meeting at the Council Chamber Wednesday, the Minister of Budget and Economic Planning, Udo Udoma said that the 2018 budget was predicted on oil projection of 2.3 million per barrel and also at $45 per barrel.

The Minister said that the exchange rate for the 2018 fiscal year was pegged at N305 which was the official amount fixed by the nation’s apex bank, the Central Bank of Nigeria, CBN.

According to the Budget and Economic Planning Minister, “The Federal Executive Council approved the 2018-2020 Medium Term Expenditure Framework and the Fiscal Strategy Paper. As you know, we have been having extensive consultations in the last few weeks with the governors, members of the public, leadership of the National Assembly about the medium term expenditure framework.

http://www.vanguardngr.com/2017/08/fg-proposes-2-3-bpd-45-2018-budget/

Good to know that work has begun on the 2018 budget. Implementation is key,the FG should strive to achieve at least 80% implementation of the 2017 budget.
Also,we should really consider raising funds through concessioning our airports,refineries and railway to private investors.We should also work towards achieving a cashless society in order to enhance transactions and reduce corruption.

these olodos are still daydreaming about crude oil

Is Crude Oil in the issue again? Nigeria, haba, I guess dat tin won't last as expected bkuz d way most Nigeria finances are based on Crude Oil is nt adding up.

I thought they said ND oil was useless? So its not useless anymore?

Clowns!

K

Is that realistic?