Please clear my ignorance. I have been trying to understand Nigerian budget and how it affects common Nigerians. I discovered that, when Nigerian Budget was not big in figures; Nigerians were well-up as compare to when the budget reach an all high of 6 Trillion.
Fellow Nairalanders what could be responsible to this?
Nigeria's Budget Since 2000
:
Year Recurrent Capital Expenditure Total
2000 316,706,354,307 360,805,360,425 677,511,714,732
2001 397,856,858,542 496,357,946,644 894,214,805,186
2002 578,096,146,413 486,705,107 578,582,851,520
2003 316,706,354,307 382,351,295,672 699,057,649,979
2004 539,286,472,751 349,868,371,837 889,154,844,588
2005 737,330,997,094 617,284,246,044 1,354,615,243,138
2006 950,321,044,808 568,556,877,659 1,518,877,922,467
2007 1,050,366,020,162 830,557,929,821 1,880,923,949,983
2008 1,352,932,377,417 860,297,858,932 2,213,230,236,349
2009 0 0 0
2010 2,077,358,560,347 1,853,906,761,420 3,931,265,321,767
2011 2,425,065,124,967 1,146,750,553,167 3,571,815,678,134
2012 2,425,049,954,640 1,519,986,106,691 3,945,036,061,331
2013 3,365,764,770,349 1,621,455,655,252 4,987,220,425,601
2014 3,542,353,163,488 1,100,606,836,512 4,642,960,000,000
2015 3,791,948,491,709 701,415,465,449 4,493,363,957,158
2016 4,232,140,000,000 1,845,540,000,000 6,077,680,000,000
Total 20,075,194,199,592 14,256,227,970,632 34,331,422,170,224






Source: http://nairametrics.com/nigerias-federal-budget-summary-2000-2016/

Not to think that all budget from 2000-2015 were declared stolen, misappropriated, or mismanaged. Yet during that period companies were not packing out of Nigeria but trooping, Jobs are everywhere, people were having three-square meal per day, there was prosperity in the land. But now that the budget is six Trillion; poverty is everywhere in the Land, companies are fleeing the country; no noticeable infrastructure built anywhere, what is happening to Nigeria?

hmm, this is currency