President Muhammadu Buhari presented an 8.83 trillion naira ($28.80 billion) budget for 2019 to parliament on Wednesday, laying out a plan to drive growth two months before an election in which he will seek a second term.
During the presentation, lawmakers made several attempts to jeer the President. Correspondents reported that several members of the PDP lawmakers kept jeering the president while that of APC were hailing him who addressed the lawmakers saying “May I remind the Honorable members that the world is watching.”
The president also called for a quick passage of the budget.
The spending plan for Africa’s top oil producer assumes crude production of 2.3 million barrels a day and an oil price of $60 per barrel. Buhari’s handling of the economy – Africa’s largest by some measures -has become a campaign issue. The budget assumed exchange rate is N305 per $1.
