Thursday, 21 May 2015

Briefly: 5 Months Into 2015, Jonathan Approves Budget

President Goodluck Jonathan has approved the N4.5 trillion ($22.6 billion) budget for 2015.

The National Assembly approved and passed the budget using the benchmark of $56 dollar per barrel as against the projection of $65 per barrel by the Finance Minister, Okonjo Iweala.

The budget is 3.2 per cent lesser than last year's budget due to fall in oil price. The way things are looking, the incoming administration may have to look at supplements to the  budget  to be able to meet up with social demands

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