President Muhammadu Buhari will present the 2023 Appropriations bill to a joint session of the National Assembly on Friday.
The Appropriations bill will contain budget proposals for the 2023 fiscal year.
He made this known in a letter to the Senate President, Ahmad Lawan, which was read out at the start of plenary on Tuesday.
The formal budget presentation is scheduled for 10 a.m.
It will be the last main budget Mr Buhari will be present because he will leave office on 29 May 2023 when his second four year term will end.
The federal government is already proposing an aggregate expenditure of N19.76 trillion for the 2023 fiscal year with a budget deficit of about N12.41 trillion.
Some key assumptions in the proposal include an emestimated oil benchmark of $70, crude oil production put at 1.69mbpd, exchange rate of N435.57/$ and inflation rate at 17.16 per cent.
The federal government pegged growth rate at 3.75 per cent because it believes that “Growth is expected to be…
