President Muhammadu Buhari has presented before the two chambers of the National Assembly, a record 20.51 trillion naira proposed budget for the 2023 financial year.

According to the president, this 8th financial blueprint of his administration is tagged the budget of Fiscal Sustainability and transition.

The President told the parliament that the 2023 transition budget was designed to address critical issues and lay a solid foundation for the incoming administration.

The president said he believes that based on these fiscal assumptions and parameters, total federally-collectible revenue is estimated at 16.87 trillion naira in 2023.

In his speech, the president stressed that the 2023 Appropriation Bill aims to maintain the focus of MDAs on the revenue side of the budget and greater attention to internal revenue generation.