December 23, 2015

Nigeria’s 2016 Budget Breakdown by BudgIT

Dolapo Omidire

Nigeria's 2016 Budget Breakdown by BudgIT
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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