According to him, the budget will consolidate on "the achievements of previous budgets", and hopefully should further help Nigeria recover from their first recession in 25 years.

But why bother to name annual budgets?

According to Kenneth Erikume, partner at PwC Nigeria, a global tax and advisory company, naming budgets is unique to Nigeria.The names originate from the executive, and are usually a reflection of the government’s plan.

President Muhammadu Buhari presents the 2018 National budget to the National Assembly in Abuja, Nigeria November 7, 2017

Mr Erikume says the reason "consolidation" is used now is probably because, with just one more year before 2019's election, Mr Buhari's government is looking to consolidate all the efforts made since 2015 – when it came into power – in bringing the country out of recession.

Naming national budgets is not a new thing in Nigeria. Here are their six previous budget Names:

2018: Budget of Consolidation

2017: Budget of Recovery and Growth

2016: Budget of Change

2015: Transition Budget & Hope

2014: Budget for Job Creation and Inclusive Growth

2013: Budget of fiscal Consolidation with Inclusive Growth

At the end of the day, these names do not really matter, what does is their implementation, Mr Erikume concludes.