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2018 Budget passes second reading at House of Representatives

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House of Representatives

The 2018 Appropriations Bill has  passed through second reading on the floor of House of Representatives on Tuesday.

Members of the green chamber began discussing the bill last Tuesday.

Today, they approved a second reading of the bill and referred it to the House Committee on Appropriations and all other relevant standing and sub-committees.

President Muhammadu Buhari had, in November, presented a proposed budget of N8.612 trillion for 2018.

He said with a benchmark of 45 dollars per barrel at an exchange rate of N305 to a dollar in 2018, the budget would consolidate on the achievements of previous budgets to aggressively steer the economy to the path of steady growth.