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

Welcome Back Your Lost/Stolen MTN SIM Card By Yourself In Minutes

By
First of all, Go to http://www.mtnonline.com/index.php/welcomeback.html Fill In Your Details In The Online Sim Swap Form: 1. Title: 2. First Name: 3. Last Name: 4. E-mail Address: 5. Birthday: 6. Alternative Number 7. INFORMATION ON OLD LINE: A. (STOLEN / LOST / DAMAGED) B. Was Your MTN Line: Stolen? Lost? Damaged? 8. Enter The Phone Number Of The Stolen/ lost/ Damaged Line 9. LINE OWNERSHIP VERIFICATION (CUSTOMER MUST ANSWER AT LEAST 2 QUESTIONS CORRECTLY) - How Much Credit Did You Load When You Last Recharged? * What 3 GSM Numbers Do You Frequently Dial? Please Insert The Full Phone Number E.g 0803000000 10. INFORMATION ON NEW LINE TO BE USED FOR THE SWAP 11. Please Provide The Number Of The New Line Or Kit Number On The Pack Of The New Prepaid Welcome Back, That You Bought For This Welcome Back/ SWAP. (Phone Number Of The New Line, Starting With 0803 0r 0806 Or 0703 Or 0706 Or 0813 Or 0816 Note That You Will Need To Buy A New Mtn Sim Ard But Don...
Post a Comment
Read full story »

HBD: Wizkid gets Gold Sennheiser Microphone & customised Diamond Sleeve from Malivelihood

By
Loving it!
Post a Comment
Read full story »

Robbers attack Giwa FC

By
Giwa FC players were attacked on Monday on their way to Umuahia to honour a Glo Premier League Week 21 match against Abia Warriors. The robbery incident occurred at 9th Mile around Enugu about 10:35 pm. Sammy Adesoji, one of the officials of the team, said some of the players in the bus lost their mobile phones and cash to the hoodlums.
Post a Comment
Read full story »