Home Breakdown of the 2016 Budget Budget 2016 GDP Growth Rate Projection4.37% Revenue Projection3.86 Naira Deficit2.22 trillion Naira (equivalent to 2.16% of Nigeria’s GDP) Oil Related Revenues820 billion Naira Non-oil Revenues1.45 trillion Naira Projected Independent Revenues1.51 trillion Naira Capital Expenditure1.8 trillion Naira (30% of total budget) Works, Power and Housing433.4 billion Naira Transport202.0 billion Naira Interior53.1 billion Naira Special Intervention Programs300 billion Naira Education369.6 billion Naira Defence294.5 billion Naira Health221.7 billion Naira Ministry of Interior145.3 billion Naira Foreign and Domestic Debt Service1.36 trillion Naira Sinking Fund towards the retirement of maturing loans113 billion Naira Non-debt Recurrent Expenditure2.65 trillion Naira Facebook Twitter
