The 2016 budget in graphics courtesy budgit

I pray it all works out for good

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M

The graphic is too bogus and not easy to comprehend - it is Beautiful and attractive but lacks simplicity. Thumbs up tho'

This is good

"misappropriated funds recovery and others"
but with the sluggish process of fund recovery how are we going to achieve that figure?

meanwhile .......it should be more than #380b
+ what percentage goes into agriculture?

We are servicing debts to a tune of 1.36tn because we failed to save when the oil price hit the roof at $140 barely 2 years ago and consistently above $100 mark for about 4yrs!

Interestingly, the Federal budget didn't even hit the 5tn mark all through this period until 2014 albeit marginally.

Meanwhile the spending on subsidy hit an all time high of petroleum 1.8tn in 2011 when less than 15% of that sum was budgeted for. In 2015, we budgeted even less! Barely enough for a quarter's overbloated subsidy payment then. It was a budgeted clearly railroaded to failure. Then, out of the blue came the snipping off of N10 from the pump raising raising the subsidy burden.

This budget looks very ambitious, daring and with survival indices. However, sanitising the procurement system, not just for the defence Ministry but for Works, Health and all MDAs will give it the desired impact on the economy.

However, extending the subsidy regime beyond Jan1 is an economic suicide. Remove yet Regulate because Alhaji Putin and the 40 thieves are Machiavellian bizmen. The unregulated Diesel still goes for N120 which is far overpriced!

Jokay07:
The graphic is too bogus and not easy to comprehend - it is Beautiful and attractive but lacks simplicity. Thumbs up tho'

Can you present one better than that? By all means let's see it

Ok.....,

LeStylo:
We are servicing debts to a tune of 1.36tn because we failed to save when the oil price hit the roof at $140 barely 2 years ago and consistently above $100 mark for about 4yrs!

Interestingly, the Federal budget didn't even hit the 5tn mark all through this period until 2014 albeit marginally.

Meanwhile the spending on subsidy hit an all time high of petroleum 1.8tn in 2011 when less than 15% of that sum was budgeted for. In 2015, we budgeted even less! Barely enough for a quarter's overbloated subsidy payment then. It was a budgeted clearly railroaded to failure. Then, out of the blue came the snipping off of N10 from the pump raising raising the subsidy burden.

This budget looks very ambitious, daring and with survival indices. However, sanitising the procurement system, not just for the defence Ministry but for Works, Health and all MDAs will give it the desired impact on the economy.

However, extending the subsidy regime beyond Jan1 is an economic suicide. Remove yet Regulate because Alhaji Putin and the 40 thieves are Machiavellian bizmen. The unregulated Diesel still goes for N120 which is far overpriced!

Still yet, some brainless fools will call the Fortunato an hero. SMH

cool

Jokay07:
The graphic is too bogus and not easy to comprehend - it is Beautiful and attractive but lacks simplicity. Thumbs up tho'

Go and check the meaning of bogus and revert.

This budget if fully implemented will improve the lives of Nigerians,enhance development and shake up the economy. With a deficit of over 2tr it means govt has to borrow to fund some section of the budget. If the money borrowed will be put into good use,I see no problem with that coz govt revenue can increase which will sufficiently payoff the debts. Am more impressed with the over 300b deposited into the education sector,this will help in revitalizing our education sector,addind this up with the free education for science and education in the tertiary education level, also employment of over 500,000 trained teachers with the meal per day scheme in our primary schools, I think its a very good start towards a total revolution and turn around in our education sector. An impressive budget.

There was nothing budgeted for Agriculture and solid minerals