Breakdown of the 2016 Budget
GDP Growth Rate Projection4.37%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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