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The 2017 budget of N7.441trillion was on Thursday passed by the two chambers of the National Assembly.
President Muhammadu Buhari had on December 14, 2016 presented a N7.298 trillion estimate before the joint session of the National Assembly.
In the Budget, oil price benchmark was raised from $42.50 proposed by the President to $44.50. The lawmakers however retained 2.2 million barrels per day for crude oil production and an exchange rate regime of N305/ USD.
The lawmakwers also raised their expenditure plan from N115 billion to N125 billion.
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