2015 is almost over, in no time the government is
expected to present its 2016 budget to the
National Assembly.
Below are the highlight of Nigeria's proposed
national budget for next year:
1. The entire budget is pegged at N6.04 trillion.
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2. Proposed government revenue is N3.82 trillion,
projected deficit is N2.22 trillion.
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3. N63.29bn has been allocated for fuel subsidy in
the 2016 fiscal year.
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4. N500 billion is budgeted for Social Welfare
Intervention Programmes Initiative, conditional
cash transfer to the most vulnerable and post-
NYSC grant.
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5. According to the government, N350.33 billion
misappropriated funds will be recovered in 2016
to help fund the budget.
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6. 2016 Budget is the most expensive ever
proposed by any government.
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7. Oil Price benchmark for 2016 is set at $38/bbl.
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8. Only 30% of the budget will be spent on capital
projects.

Good to know

APC building a 20 storey building using clay soil and no steel

Good to know

what will happen when the stolen money is not recovered?

1.

cmart09:
what will happen when the stolen money is not recovered?

2. Please elucidate on your #1.

3. Thanks!