NIGERIA: $27.87 billion -------- SOUTH AFRICA: $117.8 billion



GHANA: $14.13 billion

ALGERIA: $84.82 billion

ANGOLA: $44.23 billion

IVORY COAST: $6.062 billion

LIBYA: $35.07 billion

MOROCCO: $33.29 billion

ARGENTINA: $133.6 billion

BRAZIL: $822.1 billion

AUSTRALIA: $541 billion

CUBA: $50.45 billion

EGYPT: $77.69 billion

SINGAPORE :$43.44 billion

INDIA: $267.7 billion

IRAQ: $88.34 billion

ITALY: $1.034 trillion

SAUDI ARABIA: $234.8 billion

CHINA: $1.992 trillion

FRANCE: $1.48 trillion

GERMANY: $1.53 trillion

JAPAN: $2.591 trillion

USA: $3.538 trillion


SOME STATES IN USA

NEW YORK: $135.1 billion

TEXAS: $156.4 billion

CARLIFONIA: $232.9 billion







SOURCE: https://www.cia.gov/library/publications/the-world-factbook/fields/2056.html

I have been saying for years that nigeria's government revenue is next to nothing in comparison to the countries potential to make revenue from tax. All of these countries pay taxes and nigeria just waits for oil.

Speechless.....Damn!!! "Giant of mediocrity" we truely are.

Half of the $27.87 billion is lost to corruption in all shapes and forms

We are up there in the list of consuming countries than producing. Everyone wants to have a piece of the national cake (oil) while countries like SA, Malaysia et al are exploring other avenues to increase their GDP. Giant of Africa my black azz

A nation breeding youths who wanna drive the latest car by cutting corners and using any means possible except being positively resourceful.

2legit2qwt: Half of the $27.87 billion is lost to corruption in all shapes and forms

Exactly not even all these 28B is spent judiciously. i dey weep ooo

Nice one OP, although the population figures of each country will put it in better perspective.

A country like india with 1.2 billion human population and $268million budget is not too different from Nigeria.

Where are those apostles of "Nigeria is a rich country"?.
One lady was even comparing Nigeria with dubai.
Yes, Nigeria is rich in potential and natural endownments but not in hard cash.
For a country of 170million,Nigeria is poor.

emiye: Nice one OP, although the population figures of each country will put it in better perspective.

A country like india with 1.2 billion human population and $268million budget is not too different from Nigeria.

Well,the number of poor people in india alone is more than the poor in the african continent.

emiye: Nice one OP, although the population figures of each country will put it in better perspective.

A country like india with 1.2 billion human population and $268million budget is not too different from Nigeria.

What about Angola population 20 million budget 44billion

Incredulous! Its hard to be hopeful but I don't have a better option!

[size=16pt]Is this FG Budget OR a combination of FG and all the states I can't believe the Budget of Nigeria is only twice that of Ghana[/size]!!!!

solomon111: Well,the number of poor people in india alone is more than the poor in the african continent.

Because the population of india is roughly the population of the african continent.

You are corroborating my stance, a budget pa capita shows it better

emiye:
Because the population of india is roughly the population of the african continent.

You are corroborating my stance, a budget pa capita shows it better

agreed but since we call ourselves the giant of Africa. our spending power is very important just 27Billion? when SA is 117 Angola of 20 million 44 Billion!!!!!

The only way we can truely become rich is when we adopt TRUE FEDERALISM.
There is so much resources lying fallow.
Let every state or even a regional government fend for herself by developing and commercializing its area of comparative strength with payment of taxes to the FG.
This is the only way we can maximally utilize our huge resources and increase available funds.
The FG has done a bad job in exploring and utilizing our resources.

bigass:

What about Angola population 20 million budget 44billion

Yes, it is better with the population. If you consider the poplatn of Nigeria (170 million), it shows how terrible and paltry Nigeria's budget is.

A man with 10 children to feed and earning 50,000 naira is poorer than a man with 2 children to feed and earning 30,000 naira.

2legit2qwt: Half of the $27.87 billion is lost to corruption in all shapes and forms.

We are up there in the list of consuming countries than producing. Everyone wants to have a piece of the national cake (oil) while countries like SA, Malaysia et al are exploring other avenues to increase their GDP. Giant of Africa my black azz

A nation breeding youths who wanna drive the latest car by cutting corners and using any means possible except being positively resourceful.

I couldn't help but notice that some guy named Bill Gates is worth more than the budget of three West African countries combined. And that's the guy who has said, and indeed demonstrated by his incredibly lavish philanthropy, that the greater part of his wealth will go to charity, rather than his own progeny.

Nigerian leaders must be greatly puzzled by this man, for they, in stark contrast, do not see why a man should not grab desperately at as much wealth as he can, while he can.

The general trend among them is to amass enough money to last approximately five extremely luxurious lifetimes, even if they have to pillage and plunder the Nation's treasury to achieve that end.

solomon111: Where are those apostles of "Nigeria is a rich country"?.
One lady was even comparing Nigeria with dubai.
Yes, Nigeria is rich in potential and natural endownments but not in hard cash.
For a country of 170million,Nigeria is poor.

Nigeria is indeed a poor country.

solomon111: The only way we can truely become rich is when we adopt TRUE FEDERALISM.
There is so much resources lying fallow.
Let every state or even a regional government fend for herself by developing and commercializing its area of comparative strength with payment of taxes to the FG.
This is the only way we can maximally utilize our huge resources and increase available funds.
The FG has done a bad job in exploring and utilizing our resources.

You are right on the true federalism !

I laugh in amusement when some people say Nigeria is rich based on its less than 5 trillion naira annual budget for 170 million souls.

Nigeria is rich in untapped natural resources and quantity of human resources.

When we refuse to look beyond Oil.....I mean, what happened to the countless resources lying around the country and developing human resources??

Whoever is to rule this country needs a more agressive approach to moving this country ahead.

Tackle corruption, reduce the size of Government cabinets, reduce their pay packets, tackle oil theft, develop the exploitation of countless resources we have etc.

Anyone who isn't doing this while in power is as mediocre as that figure is compared to the rest.

ba7man: When we refuse to look beyond Oil.....I mean, what happened to the countless resources lying around the country and developing human resources??

Whoever is to rule this country needs a more agressive approach to moving this country ahead.

Tackle corruption, reduce the size of Government cabinets, reduce their pay packets, tackle oil theft, develop the exploitation of countless resources we have etc.

Anyone who isn't doing this while in power is a mediocre as that figure is compared to the rest.

The amount of solid minerals in the North is enough to turn them to dubai,yet they keep fixating on oil.
Fight for true federalism and minimization of corruption,and your quality of life will surpass Norway.

solomon111: The amount of solid minerals in the North is enough to turn them to dubai,yet they keep fixating on oil.
Fight for true federalism and minimization of corruption,and your quality of life will surpass Norway.

You're right. Its the way forward.

I just wonder why those high up in power shy away from it.

ba7man: When we refuse to look beyond Oil.....I mean, what happened to the countless resources lying around the country and developing human resources??

Whoever is to rule this country needs a more agressive approach to moving this country ahead.

Tackle corruption, reduce the size of Government cabinets, reduce their pay packets, tackle oil theft, develop the exploitation of countless resources we have etc.

Anyone who isn't doing this while in power is as mediocre as that figure is compared to the rest.

We still have mediocres at the centre, any government who doesnt focus heavily on increasing the revenue to the nation and fixing leakages is a joker

@topic, I think it's proper for me to note that some of this nation with higher budget than Nigeria get funds from outside source to service their budget eg Egypt Ghana etc.

Why not add all the states' budgets so that we can cover our shame a little.
Na wa o. Our oil money nko?

Ondo state has the highest deposit of bitumen in the world which when effectively commercialized and utilized can turn the SW into qatar.
Enugu has one of the largest deposits of coal in the world which is enough to power the entire SE and SS for 24 hours daily and even exported.
Smh for this country.

Arosa: @topic, I think it's proper for me to note that some of this nation with higher budget than Nigeria get funds from outside source to service their budget eg Egypt Ghana etc.

so? but it doesn't negate that we have a long way to go

bigass:

so? but it doesn't negate that we have a long way to go

We have not even started yet.

Nigeria is currently fixing the effects of its problem and have left the cause

bigass:

so? but it doesn't negate that we have a long way to go

True! however I think Nigeria is trying hard to avoid fiscal deficit, that is why our budget is so low at the moment.

A quote from Eko Ile in the Akwa Ibom Thread, from all indications considering if this quoatation is right Akwa Ibom alone and just one state in Nigeria has a budget of rougly $4 billion dollars while Lagos has just over $2 Billion thereby given both states a total budget of $6 billion dollars, $27 billion dollars cannot possibly be the total budget of Nigeria including all states when 2 states already accounts for a 1/4 of the budget.

Eko Ile:


My ignorant friend, you are very wrong. Akwa Ibom has the largest budget in Nigeria and less infrastructure and service delivery.

Akwa Ibom's budget for 2012 was 407 Billion plus 2 supplemental budgets for 100 Billion and 125 Billion = 632 Billion which remains the highest in the history of Nigeria for 1 single year.

Lagos state's budget for 2012 was 485 Billion

Imagine the pittance, yet we operate a bicameral system and have over 40 ministers with their respective retinue of aides, assistants and advisers!!!

Sick country with sick leaders!!

http://www.salon.com/2012/09/28/nine_terrifying_facts_about_americas_biggest_police_force/
Budget of the New York Police department for fiscal year 2013, OP i had this discussion some time ago with my friends, letting them know how far we still have to go as a country but then they would always say the country is very rich. Of a truth Nigeria as a country is one that can be called "potentially richest" considering all her endowments (human and material) but at the end of the day the Hydra headed monster called corruption presents it self through visionless leaders and we remain relegated to the background.

In 2012, the FIRS generated N5trillion or almost $32billion.
http://resourcedat.com/2013/01/break-down-of-total-tax-revenue-generated-by-nigeria-in-2012/

And, we made close to N15trillion or almost $93billion from crude oil export in 2012. Our crude oil earnings hit N6.2trillion for the first half of 2013.

http://www.ngrguardiannews.com/business-news/128407-nigerias-crude-oil-earnings-hit-n67-trillion-in-first-half-of-2013


The federal budget for 2012 was N4.87trillion, and another N180billion as supplementary. The total budget for 2012 stood at N5.05trillion or $32billion and not $27billion as quoted. We are not sure if the figures quoted for other countries is just for a single federating unit or its the total budget for all the federating units in each country.