The senate has passed a buget of N4,608,616,278,213 of which N180,279,158,994 is for statutory transfer, while N497,071,797,452 is earmarked for debt service. N2,077,358,560,347 is for recurrent expenditure and N1,853,906,761,420 is for contribution to the development fund for capital expenditure for the year ending 31 December 2010.

The budget is based on the projection of $67 per barrel benchmark oil price and crude oil production of 2.350 million barrels per day. The Joint Venture cash call projection is $7billion, GDP of 5.47%,inflation rate of 11.2% and the exchange rate of N150 to a US Dollar.

The budget had a total additions and adjustments by the executive in the sum of N336 billion, showing a rise of executive proposals of the budget from N4,079 trillion to N4,415 trillion.

The budget passed today has been harmonized with the House of Representatives. It will now be transmitted to the Acting President for signing into law.

Link:

http://234next.com/csp/cms/sites/Next/Home/5545244-146/senate_passes_budget_of_n4.6_trillion.csp

What a budget . . . .Nigeria will rise again one day

Passing 4.6trillion naira budget should not be made the issue, the issue should be full implementation of the budget, and money actually used for the purposes they are budgeted.

wales:

The senate has passed a buget of N4,608,616,278,213 of which N180,279,158,994 is for statutory transfer, w[b]hile N497,071,797,452 is earmarked for debt service[/b]. N2,077,358,560,347 is for recurrent expenditure and N1,853,906,761,420 is for contribution to the development fund for capital expenditure for the year ending 31 December 2010.

The budget is based on the projection of $67 per barrel benchmark oil price and crude oil production of 2.350 million barrels per day. The Joint Venture cash call projection is $7billion, GDP of 5.47%,inflation rate of 11.2% and the exchange rate of N150 to a US Dollar.

The budget had a total additions and adjustments by the executive in the sum of N336 billion, showing a rise of executive proposals of the budget from N4,079 trillion to N4,415 trillion.

The budget passed today has been harmonized with the House of Representatives. It will now be transmitted to the Acting President for signing into law.

Link:

http://234next.com/csp/cms/sites/Next/Home/5545244-146/senate_passes_budget_of_n4.6_trillion.csp

Think about the highlighted ones

At last the budget has been passed at least b4 April that's an improvement.
This govt has introduced a new term UNSPENT FUNDS, and I wonder under Obj wat hapened to unspent funds.

Point of correction wale, that pix isn't Senate but House of Rep Chamber.

Why the exclamation mark? This budget goes to illustrate how poor Nigeria is. This is a $30bn budget for a nation of 150m+. On Wednesday, the UK, a country of 60m announced a budget of $1 trillion.

4 Play:

Why the exclamation mark? This budget goes to illustrate how poor Nigeria is. This is a $30bn budget for a nation of 150m+. On Wednesday, the UK, a country of 60m announced a budget of $1 trillion.

You forgot to the maths for them - that is N150 Trillion!!! (with well deserved exclamation marks  )

Can I trust Jonathan on proper monitoring and implementation of this budget?