#Budget2016: 2 Key Things Every Nigerian Should Know
#Budget2016: 2 Key Things Every Nigerian Should Know
The Senate today passed the 2016 budget into law. Here are a few things you should know about the budget:
1. Key indices in #Budget2016 just passed include:
Exchange Rate: N197 to $1
Oil Benchmark: $38 per barrel
Oil Pdn: 2.2000mbpd
2. The budget was passed at N6, 060,677,358,227 - N351bn for statutory transfers, N1.4trn for debt service, N2.6trn for recurrent expenditure, and N1.5trn as capital expenditure.
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