The Nigerian senate today, passed the 2016 budget presented by President Muhammadu Buhari over three months ago.
See breakdown of the budget.
Statutory transfers: 351,370,000,000
Debt service: 1,475,320,000,00
Recurrent expenditure: 2,646,389,236,196
Capital expenditure: 1,587,598,122,031
Fiscal deficit: 2,204,936,925,711.16
Deficit/GDP: 2.14%
Author
Farouk Mohammed is the Publisher and Lead Editor of Okay News, an international digital news platform delivering verified reporting across technology, global affairs, business, innovation, and development. He has over a decade of experience in journalism and international media, with a strong focus on geopolitics, conflict reporting, human rights, and the global digital economy.
