BREAKING: Senate Passes 2018 Budget

The National Assembly has passed the 2018 Appropriation Bill.

The passage follows the consideration and adoption of the report by the joint National Assembly Committee on Appropriation.

The upper and lower chamber, on Wednesday, approved a budget which was raised by N500bn, from N8.6 trillion to N9.1 trillion.

The chairman of the Senate committee on appropriation, Danjuma Goje, said the increase of N500 billion was informed by a decision to increase oil benchmark from the proposed N45 to N51.

Recall that a N8.612trn budget was presented to a joint session of the National Assembly by President Muhammadu Buhari for passage in November 2017.