WE ARE IN FOR A PROSPEROUS NEW YEAR 2016 AND THIS IS WHY I SAID SO...

2011
Budget Proposed - N4.97Trillion
Oil Price Used - $75
Oil Production - 2.3mbbls/day

2012
Budget Proposed - N4.75Trillion
Oil Price Used - $70
Oil Production - 2.48mbbls/day

2013
Budget Proposed - N4.98Trillion
Oil Price Used - $79
Oil Production - 2.53mbbls/day

2014
Budget Proposed - N4.91Trillion
Oil Price Used - $75
Oil Production - 2.39mbbls/day

2015
Budget Proposed - N4.49Trillion
Oil Price Used - $53
Oil Production - 2.28mbbls/day

2016
Budget Proposed - N6.0Trillion
Oil Price Used - $38
Oil Production - 2.2mbbls/day

I am interested in seeing the revenue details from the budget to know exactly how government intends to fund the budget. My first instinct, though, is that leakages in revenue generating agencies (like NCS, NPA, NNPC, etc) have been blocked TO A VERY HIGH LEVEL and all funds channeled into the TSA. That the government has been able to come up with that size of budget - even in the face of declining oil prices & lower oil production levels - without depreciating the official exchange rate of the Naira - is truly remarkable.

How GEJ (with benchmark oil price of over $75 throughout his term) was not able to come up with a budget of up to N5T beggars belief. One can now say without equivocation that, had PMB met an oil price of $75, we would be talking about a N10T budget. Kindly note that during GEJ term, oil price was actually higher ($105) than the budget benchmark and yet our Foreign Reserves and ECA was declining.
By: ;DAyo Beapartofdchange Ale

This is real change

WHEN YOUR EXPENDITURE EXCEEDS WHAT YOU GOING TO GENERATE, GIVEN THAT OUR COUNTRY IS NOT A PRODUCING COUNTRY, THEN I PITY THOSE REJOICING OVER THIS NONSENSE. YOU CANT ACHIEVE THIS WHEN NIGERIA IS A CONSUMPTION COUNTRY.

some people won't be happy with this news o.

*modified*

like the perpetual naysayer above me.