LIVESTREAMED: President Buhari presents 2021 budget

President Muhammadu Buhari presents the 2021 Appropriations Bill to a joint session of bother chambers of the National Assembly.

This comes after the Minister of Finance, Budget and National Planning, Zainab Ahmed, after the FEC's meeting last Wednesday, September 30 said the proposal was designed to enable the country attain inclusive growth.

"The budget assumptions that were presented to the council today include: one, crude oil price benchmark at $40 per barrel; two, oil production at 1.86 million barrels per day; three, exchange rate of N379 to $1; four, Gross Domestic Product growth target of three per cent; and five, inflation rate of 11.95 per cent," she said.

The minister said the proposal was aimed at stimulating the economy, creating jobs, enhancing growth, creating infrastructural investment, and promoting manufacturing and local production.

"We do expect that Nigeria's economy will recover to the path of growth early in 2021," she added.

Watch the livestream below: