Nigeria's 2016 Budget Breakdown by BudgIT
Dolapo Omidire . 9 years ago
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Article Summary: [caption id="attachment_4473" align="aligncenter" width="724"] Nigeria's 2016 Budget Breakdown by BudgIT[/caption] Key Takeaways The highest Capital Expenditure component of the 2016 budget will be Works, Power and Housing at N433.4bn. This budget is the highest budget ever presented by the Federal Government of Nigeria at N6.08tr. Oil revenue projections tumble from N1.64tr in 2015 to N820bn in…
Nigeria’s 2016 Budget Breakdown by BudgIT
Key Takeaways
- The highest Capital Expenditure component of the 2016 budget will be Works, Power and Housing at N433.4bn.
- This budget is the highest budget ever presented by the Federal Government of Nigeria at N6.08tr.
- Oil revenue projections tumble from N1.64tr in 2015 to N820bn in 2016.
- The Federal Government intends to raise N900bn from foreign borrowing, N984bn from domestic borrowing and N380bn from misappropriated funds recovery and others.
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