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Take A Look At The Breakdown Of Nigeria’s 2016 Budget by kingsken29: 7:05am On Dec 25, 2015 |
Take A Look At The Breakdown Of Nigeria’s 2016 Budge the Nigerian 2016 budget was presented by the president muhammadu buhari a budget of 6.07 trillion Naira. The bench mark for the new Nigeria's 2016 budget is base on the crude oil price of $38 per barrel and a estimated production of 2.2 million barrels per day for 2016. Take A Look At The Break down Of Nigeria’s 2016 Budget GDP Growth Rate Projection 4.37% Revenue Projection 3.86 Naira Deficit 2.22 trillion Naira (equivalent to 2.16% of Nigeria’s GDP) Oil Related Revenues 820 billion Naira Non-oil Revenues 1.45 trillion Naira Projected Independent Revenues 1.51 trillion Naira Capital Expenditure 1.8 trillion Naira (30% of total budget) Works, Power and Housing 433.4 billion Naira Transport 202.0 billion Naira Interior 53.1 billion Naira Special Intervention Programs 300 billion Naira Education 369.6 billion Naira Defence 294.5 billion Naira Health 221.7 billion Naira Ministry of Interior 145.3 billion Naira Foreign and Domestic Debt Service 1.36 trillion Naira Sinking Fund towards the retirement of maturing loans 113 billion Naira Non-debt Recurrent Expenditure 2.65 trillion Naira NOTE he Deficit expenditure of 2.22 trillion Naira which accounts for equivalent of 2.16% of Nigeria’s GDP will be funded by venture of both domestic borrowing and foreign borrowing at a rate of of N984 billion and N900 billion totaling N1.84 trillion. [url]=http://www.nigeriangist.com.ng/take-a-look-at-the-breakdown-of-nigerias-2016-budget/[/url] |
Re: Take A Look At The Breakdown Of Nigeria’s 2016 Budget by Demmocrats(m): 7:46am On Dec 25, 2015 |
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