The 2018 federal budget is tagged a budget of consolidation. the name appears to be a response to the fact that Nigeria had just exited economic recession and there is the need to consolidate on the recovery and spur economic growth to previously attained levels. The 2018 federal budget proposals was presented by President Muhammadu Buhari on the 7th day of November 2017 in accordance with section 81 of the constitution of the Federal Republic of Nigeria1999, as amended. The budget expenditure is in sum of #8.612 trillion which is a 16% increase over the 2017 figure; retained revenue of #6.607 trillion being 30% above the 2017 estimates and a deficit of #2.005 trillion. The key assumptions are the oil benchmark price of $45 per barrel of crude of oil; daily oil production of 2.3 mbpd and an average exchange rate of #305 to 1USD. The real GDP growth is projected at 3.5% and inflation rate of 12.4%. Even though the projected expenditure of N8.612 trillion is high in Naira terms, it amounts to a paltry $28.24 billion and when divided by 180 million Nigerians amounts to a per capital expenditure of N47,844.44k (forty seven thousand, eight hundred and forty four naira, forty four kobo).