Overview

The 2018 Budget Speech, titled 'Budget of Consolidation,' was delivered by President Muhammadu Buhari on November 7, 2017, at a joint session of the National Assembly in Abuja. The speech outlines the revenue and expenditure estimates for the 2018 fiscal year, building on the Economic Recovery and Growth Plan (ERGP) 2018–2020. It reviews economic developments in 2017, noting global uncertainties such as Brexit, the Korean Peninsula crisis, and political instability in oil-producing regions. Domestically, Nigeria exited recession through tailored policies, with non-oil sector growth driven by agriculture, particularly crop production. Key initiatives include the Anchor Borrowers' Programme, Presidential Fertilizer Initiative, and irrigation projects in states like Enugu, Anambra, Jigawa, and others. Progress in solid minerals is highlighted, especially bitumen exploitation in Ondo State. The speech seeks continued support from the National Assembly to consolidate economic recovery.

Download