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4.0 An Appraisal of the FGN Budget.../4 2019 Key Budget Assumptions ERGP Oil Production 2.3 mbpd 2.4mbpd S9 ERGP Oil Price $60/b $50/b ERGP #305/$Exchange Rate N305/$ Key Assumptions 9.98% Inflation Rate ERGP 13.39% Are these assumptions realistic? ERGP N106.03 trn N119.28 trn Nominal Consumption N139.65 trn Nominal GDP ERGP N126.86 trn Budget 3.01% GDP Growth Rate ERGP 4.5% 16

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