Check Out The Breakdown Of The 2016 Budget As Presented By Mr President

(m) at 23-12-2015 06:37AM (4 years ago)

(24315 | Addicted Hero) Online


Below is the breakdown of the 2016 budget as presented by President Muhammadu Buhari to the house

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



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XTnote (m) at 23-12-2015 07:03AM
(758 | Upcoming)

Igbese budget, kinda spending more than you earn, just like a nollywood movie, all know where the money will end up
Reply
zezprincess (f) at 23-12-2015 09:37AM
(7927 | Hero)

Hahaha,abeg make una leave this man,he no get agenda&focus.
Reply
gogoman (m) at 23-12-2015 09:58AM
(31814 | Addicted Hero)

we dey wait \am buhari
Reply
Novic (m) at 23-12-2015 10:10AM
(15342 | Hero)

That was great mr buhari... i beliv this will help this a bit next year and we will move forward nt bckward.
Reply
winace (f) at 23-12-2015 10:51AM
(30152 | Addicted Hero)

I hope it will be used wisely and it will touch d life of d common man positively.
Reply
Oworen25 (m) at 23-12-2015 11:45AM
(12234 | Hero)

They all should use it properly we don't want to hear that one or two persons ran or misuse the government money oh.
Reply
DAMILARE100 (m) at 23-12-2015 03:39PM
(4822 | Gistmaniac)

Special Intervention Programs 300 billion Naira.  Defence 294.5 billion Naira... who is going to Defend those Programs?
Any plan for Agriculture? Oil marketing is becoming a loss, why can't we prioritize the agricultural sector since we have over 400 natural resources aside crude oil? 
Reply
diezo (m) at 23-12-2015 05:35PM
(2135 | Gistmaniac)

يراقب الله !!!
Reply
crocatum (m) at 23-12-2015 09:26PM
(4594 | Gistmaniac)

i hope they know what they are doing, lets just trust them for some time, i hope this will lead to a diverse economy and one day economic independence, i dont care about political power, it is better for most of the population should be rich and independent from the government power. that way the government will not be the god of everything
Reply
beautysharp (f) at 23-12-2015 09:52PM
(379 | Upcoming)

Just watching
Reply
AmazingMarie (f) at 23-12-2015 10:16PM
(12049 | Hero)

let's see as it unfolds by God's grace.
Reply
botlex (m) at 23-12-2015 11:06PM
(2555 | Gistmaniac)

I don't know whether u guys wish this country well. billion no cum get value again for Nigerian currency
Reply
okatee (m) at 27-12-2015 11:28AM
(7638 | Hero)

buhari, i no wan hear say minister of defence carry dat #294.5B as him own oo
Reply
Mopera (m) at 30-12-2015 09:38PM
(1590 | Gistmaniac)

Igbese budget, kinda spending
more than you earn, just like a
nollywood movie, all know where
the money will end up
Reply
moralemike07 (m) at 3-01-2016 10:49AM
(3859 | Gistmaniac)

Ok na.
Reply
Sparky12 (m) at 15-04-2016 12:12AM
(3682 | Gistmaniac)

kk
Reply
kison (m) at 15-04-2016 05:07PM
(19286 | Hero)

BE careful, be very very careful, CAREFULLLLLLLLLLLLLLLL……………………………….
Reply