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See The Full Breakdown of the N6.08 trillion 2016 National Budget

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Budget Presentation

The 2016 National Budget was presented to the senate yesterday by President Buhari and we have a full breakdown of all the budget has in store for Nigerians. See below:-

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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