₦airaland Forum

3. *National Budget*
Nigeria’s entire national budget for 2016 is 6 Trillion Naira. It is its highest budget ever.
In today’s bank to bank rate, that’s about 17Billion USD
On Friday November 28, 2014, just one company in America called Walmart, made sales of 8.5 Billion USD in a space of 24 hours.
Yes…you read it right just one company, Walmart, made sales as much as half of Nigeria’s entire annual budget in a space of 24 hours.
And in case you need to know, Walmart makes annual sales in the region of 480 Billion USD.
Let me tell you what this means….please be prepared:
It means that one company alone, Walmart, from its revenue from one year only, could have financed Nigeria’s budget from when I was born till date.

3. *National Budget*
Nigeria’s entire national budget for 2016 is 6 Trillion Naira. It is its highest budget ever.
In today’s bank to bank rate, that’s about 17Billion USD
On Friday November 28, 2014, just one company in America called Walmart, made sales of 8.5 Billion USD in a space of 24 hours.
Yes…you read it right just one company, Walmart, made sales as much as half of Nigeria’s entire annual budget in a space of 24 hours.
And in case you need to know, Walmart makes annual sales in the region of 480 Billion USD.
Let me tell you what this means….please be prepared:
It means that one company alone, Walmart, from its revenue from one year only, could have financed Nigeria’s budget from when I was born till date.

Official figures say that America has over 2,000 (two thousand) cities. One of those cities is New York.

New York City’s budget for 2016 is 73 Billion USD. Or Nigeria’s national budget multiplied by four.

That means, that New York City alone, from its annual budget, can finance every single government expenditure of all governments (federal, state, and local governments) in the entire Nigeria for 4 whole years!

Just to add perspective, kindly note that New York is a municipality – our equivalent of Local government

Keneking:
Useless figures spent on the economy.