• Breaking!!! Buhari proposes N6.8t 2017 Budget, N1.6t for debt servicing

    Breaking!!! Buhari proposes N6.8t 2017 Budget, N1.6t for debt servicing

    President ‎Muhammadu Buhari on Tuesday unveiled a proposal to spend N6.8 trillion in 2017, with debt servicing put at N1.6 trillion.

    This was based on the Medium Term Expenditure Framework read‎ on the floor of the Senate on Tuesday.

    According to the MTEF, oil bench mark was put $42.50 per barrel, with production projected to be 2.2 million barrels per day and an exchange rate of N290 to a dollar.

    According to the MTEF, N65 billion will be spent on the Amnesty programme […]