Nigeria's 2016 Budget Breakdown Showing Revenue & Allocated Funds

Nigeria’s 2016 Budget Breakdown Showing Revenue & Allocated Funds

Below is a tabulated set of values which represent the Nigeria’s 2016 Budget Breakdown Showing Revenue and Allocated Funds for 2016.

Nigeria’s 2016 Budget Breakdown Showing Revenue & Allocated Funds

Revenue Allocated Funds
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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2 Replies to Nigeria’s 2016 Budget Breakdown Showing Revenue & Allocated Funds

  1. now,we have seen the breakdown of the 2016 budget,my prayer is,let the whole nigerians be benefit from it,let it not be the benefition of one or two person only pls,may God bless nigerians.I m mr Abi.

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