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The Senate President, Dr Bukola Saraki, in an exclusive interview with Channels Television, says the budget is truly a budget of recovery and growth.
He believes the Buhari-led federal government is on the right track with its economic recovery plans to ease the pains caused by the state of the economy.
“The budget is based on a benchmark of 2.2 million barrels a day. The oil price of about $42.5 is realistic – probably it would be much better than that.
“We believe that the revenues will go up. There is a deficit of about 2.3 trillion and still below agreed deficit percentage of 3%,” he said.
Dr Saraki said that the federal government would soon embark on a road show on some of its economic plans.
He believes the Buhari-led federal government is on the right track with its economic recovery plans to ease the pains caused by the state of the economy.
“The budget is based on a benchmark of 2.2 million barrels a day. The oil price of about $42.5 is realistic – probably it would be much better than that.
“We believe that the revenues will go up. There is a deficit of about 2.3 trillion and still below agreed deficit percentage of 3%,” he said.
Dr Saraki said that the federal government would soon embark on a road show on some of its economic plans.