Nigeria Budget for 2016 – President Muhammadu Buhari Budget

On Tuesday December 22 2015, the Nigeria Budget for 2016 from President Muhammadu Buhari was revived to the 2016 budget to a joint session of the National Assembly.Nigeria Budget for 2016 from President Muhammadu Buhari

According to the Budget Office, headed by Aliyu Yahaya Gusau, the Appropriation Bill 2016, seeks to authorise the issue from the Consolidated Revenue Fund of the Federation the total sum of N6,077,680,000,000.

According to Daily Post, of the figure, N351,370,000,000 is for Statutory Transfers, N1,475,320,000,000 is for Debt Service, N2,648,600,000,000 is for Recurrent (Non-Debt) Expenditure.

The sum of N1,845,540,000,000 inclusive of N157,150,000,000 Capital Expenditure in Statutory Transfers and N86,000,000,000 as Interest on Capitalised Loans, is for contribution to the Development Fund for Capital Expenditure for the year ending on the 31st day of December, 2016.

Nigeria Budget for 2016 from President Muhammadu Buhari

Check below to access full breakdown of the proposed budget currently with the federal legislature for deliberation and approval.

  • Click here to Download of open 2016 Budget for Nigeria

Please also Note that you can Stay Tuned and Bookmark www.dailiesroom.com in your browser for more Tips and Tricks. And if you have any doubts or contribution to make on Nigeria Budget for 2016 from President Muhammadu Buhari , just Feel Free to use the Comment Box below. We will get back to you as soon as possible. THANKS

Leave a Reply