PIC. 4. PRESIDENT MUHAMMADU BUHARI (L), PRESENTING THE 2016 APPROPRATION BILL TO A JOINT SESSION OF THE NATIONAL ASSEMBLY IN ABUJA ON TUESDAY (22/12/15). LEFT IS THE SENIOR SPECIAL ASSISTANT TO THE PRESIDENT ON NATIONAL ASSEMBLY MATTAERS (SENATE), SEN. ITA ENANG AND CLERK OF THE NATIONAL ASSEMBLY, ALHAJI SALISU MAIKASUWA.
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The minister said the budget proposal is predicated on N379 per dollar exchange rate; oil benchmark of $40 barrel per day; and oil production volume of 1.86 million per day.
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