President Muhammadu Buhari announced a record budget of 8.6 trillion naira (£21.4bn) to modernise its infrastructure.
He added that the budget is further projected on an exchange rate of N305 to $1, a real Gross Domestic Growth of 3.5 per cent and inflation rate of 12.4 per cent.
"Unless he addresses them (and we have analyzed here that addressing them might be hard for him), I think there is a milestone in democracy that you might say even if l am given 10 years there is much l can do but if l set the foundation and l am happy l have restored confidence and l have brought hope back, l could get younger people".
Gossip Girl Star Ed Westwick Under Investigation by LAPD Over Rape Allegations
The unforgettable Chuck Bass of Gossip Girl is accused of rape by an actress who has revealed his story on the social networks. The report claims that the "suspect forced victim to have sexual intercourse inside his residence...three years ago".
Dubbed the 'budget of consolidation, ' the budget was about 16 per cent increase from the N7.44 trillion appropriated in 2017.
Buhari, who addressed lawmakers for an hour and 13 minutes - amid applause and intermittent murmurs by senators and members of the House - said he had released up to N450bn out of the N2.2tn budgeted for 2017 capital projects as of the end of October.
The budget presentation is scheduled to hold by 2 p.m.
Stranger Things gets the Honest Trailers treatment
The team at Screen Junkies are back with another Honest Trailer and this time they tackle hit Netflix series Stranger Things . Last night's episode of Jimmy Kimmel Live! featured the mashup of our dreams: Perfect Strangers meets Stranger Things .
Debt costs are, however, already high in Nigeria and the president also said nearly a quarter of the budget's expenditure would go to servicing debt.
In a speech to present the 2018 budget President Buhari said the country "cannot afford to go back to dark days of insecurity" in the oil-producing Niger Delta region.
Last week, the militant group Niger Delta Avengers threatened a "brutal and bloody" return to the violence that past year slashed oil output.
Grace Mugabe not finished.Now she goes for Mnangagwa's head
She has called for Mr Mnangagwa's expulsion from Zanu-PF, which has been in power since Zimbabwe's independence in 1980. Despite this, on Tuesday Ms Mujuru called on him to join her in opposition politics.
Buhari also said the country's exemption from production cuts organised by OPEC was a significant help to the country during its "most challenging time".