2016 Nigeria Budget Breakdown

2016 Nigeria Budget Breakdown

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