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  • Breakdown of the 2016 Budget
  • GDP Growth Rate Projection4.37%
    Revenue Projection3.86 Naira
    Deficit2.22 trillion Naira (equivalent to 2.16% of Nigeria’s GDP)
    Oil Related Revenues820 billion Naira
    Non-oil Revenues1.45 trillion Naira
     Projected Independent Revenues1.51 trillion Naira
    Capital Expenditure1.8 trillion Naira (30%  of total budget)
    Works, Power and Housing433.4 billion Naira
    Transport202.0 billion Naira
    Interior53.1 billion Naira
    Special Intervention Programs300 billion Naira
    Education369.6 billion Naira
    Defence294.5 billion Naira
    Health221.7 billion Naira
    Ministry of Interior145.3 billion Naira
    Foreign and Domestic Debt Service1.36 trillion Naira
    Sinking Fund towards the retirement of maturing loans113 billion Naira
    Non-debt Recurrent Expenditure2.65 trillion Naira

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