Breakdown of the 2016 Budget
GDP Growth Rate Projection 4.37%
Revenue Projection - 3.86 Naira
Deficit - 2.22 trillion Naira (equivalent to 2.16% of Nigeria’s GDP)
Oil Related Revenues - 820 billion Naira
Non-oil Revenues - 1.45 trillion Naira
Projected Independent Revenues - 1.51 trillion Naira
Capital Expenditure - 1.8 trillion Naira (30% of total budget)
Works, Power and Housing - 433.4 billion Naira
Transport - 202.0 billion Naira
Interior - 53.1 billion Naira
Special Intervention Programs - 300 billion Naira
Education - 369.6 billion Naira
Defence - 294.5 billion Naira
Health - 221.7 billion Naira
Ministry of Interior - 145.3 billion Naira
Foreign and Domestic Debt Service - 1.36 trillion Naira
Sinking Fund towards the retirement of maturing loans - 113 billion Naira
Non-debt Recurrent Expenditure - 2.65 trillion Naira
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