I am writing this article to air my disapproval of the 2016 budget proposal and proffer better alternative measures that should be done instead.
->The Nigerian 2016 budget proposal has set aside N6 trillion naira as the total intended expeniture with over 4 trillion (70%) for recurrent expenditure and 1.8 trillion (30%) for capital expenditure. The FG plans to finance the budget through crude oil sales pegged at 38 dollars per barrel at production rate of 2.2 million bpd with a shortfall and deficit of 2.2 trillion naira which is intended to be financed through local and international loans
http://www.newsexpressngr.com /news/detail.php?news=18131&title=FG- packages-record-N6-trillion-budget- for-2016
http://sunnewsonline.com /new/nigeriall-need-foreign-loans- to-finance-2016-budget-minister/
-> Pegging crude oil sale at 38 dollars per barrel is already a major bleep since it has been forecasted that crude oil sale might drop as low as 20 dollars per barrel by 2016 which create more deficit than the 2.2 trillion previously accrued
http://www.theguardian.com/business /2015/sep/11/goldman-sachs-says-oil- could-fall-to-20-dollars-a-barrel
-> My piece of advice on the predicament we find ourselves is that the capital expenditure should be raised to about 4 trillion naira or more and should be solely financed by loans from local and international.
->The Recurrent expenditures should be solely financed by crude oil sales and incomes from customs and taxation.
-> Capital projects should be focused on agricultural developments and investments in other solid minerals aside from crude oil. Infrastructural development like building schools, hospitals and universities should also be considered.
->Road repairs should also be done using the capital funds, thereafter they should be maintained through taxations from toll gates.
->The beauty of this proposed plan is that recurrent expenditures will fully be financed by the FG and capital expenditures through loans which will be repaid after the investments made with it mature fully and also giving the FG reasonable profits even after repaying the loans.
-> I think Nigeria's economy will turn for the better if things are done this way.

Issokay...I'm coming back to comment