Skip to main content

8 Things Every Nigerian Should Know About Buhari's 2016 Budget

By

2015 is almost over, in no time the government is expected to present its 2016 budget to the National Assembly.

See 8 things every Nigerian should know about the budget:
1. The entire budget is pegged at N6.04 trillion
2. Proposed government revenue is N3.82 trillion, projected deficit is N2.22 trillion.
3. N63.29bn has been allocated for fuel subsidy in the 2016 fiscal year
4. N500 billion is budgeted for Social Welfare Intervention Programmes Initiative, conditional cash transfer to the most vulnerable and post-NYSC grant.
5. According to the government, N350.33 billion misappropriated funds will be recovered in 2016 to help fund the budget.
6. 2016 Budget is the most expensive ever proposed by any government.
7. Oil Price benchmark for 2016 is set at $38/bbl .
8. Only 30% of the budget will be spent on capital projects.

Comments

Post a Comment

Popular Posts

Police find eight-year-old girl living with monkeys

By
An eight-year-old girl who cannot speak and behave like normal humans has been rescued by the police in India, The Times of India reported. Police personnel in Bahraich, Uttar Pradesh rescued the girl from the monkeys after one of them, a sub-inspector, who was on patrol near the Katarniaghat Wildlife Sanctuary spotted her with the monkeys. According to the report, when he tried to rescue the girl, the monkeys and the girl screeched. They, however, got her away eventually and took her to a hospital where she was placed on admission. The report said the girl gets scared at the sight of humans and is often violent. Also, she walks like animals, using her hands and legs together and eats directly from her mouth. The girl can neither speak nor understands any language, and gets scared at the sight of human beings. The doctors treating her said that she often gets violent. They, however, said she was showing improvements. --punchng.com
Post a Comment
Read full story »

SHORT STORY: The Snake Prince: The Glitter Of Death

By
Once upon a time, there lived a king who had a daughter called Aminat. She was the most beautiful girl in town. Aminat was asked for her hand in marriage by so many young men, but she refused. Her expectation was for a ready-made handsome young man with riches.
Post a Comment
Read full story »

Happy New Year From The Church Of Scientology

By
Today, The Church Of Scientology International, Los Angeles, shared their warmest New Year's greetings on their twitter handle. They wrote: "Happy New Year! The Church of Scientology wishes you and yours an incredible and rewarding 2018!"..
Post a Comment
Read full story »