The proposed N19.76 trillion budget for the fiscal year 2023 was unveiled by President Muhammadu Buhari on Friday in Abuja before a joint session of the National Assembly.
The budget is roughly 15.37% larger than the amount budgeted in 2022. It will be the last document given by the Buhari government.
President Buhari discussed some of his administration’s successes during the presentation.
“This is the last time I will be presenting the budget before the National Assembly. Before presenting, let me highlight some progress we have made in the last seven years especially in the area of infrastructure and good governance.
“We instituted the Infrastructure Corporation of Nigeria with N1trn. This is to facilitate the second Niger Bridge and other crucial infrastructure across the country. We also incentivise private companies towards the construction of over 1500km of major roads throughout the country,” Buhari noted.