Details of #Budget2016 by the Ministry of Budget and National Planning

The Budget Overview event kicks off. Ministers of Budget, Defence, Water Resources, Finance, Niger Delta are all present.


The FG will spend, not just for today, but for tomorrow: Emphasis on infrastructure & social investment #Budget2016 This is the first full-year budget of this administration. It was signed into law on May 6, 2016 says Minister Udoma.

Drastic fall in oil price: $114/Jun2014 - $38/Dec2015 -General weakening of economic growth in developing market economies #BudgetNG2016 . Primary goal of the 2016 budget is to reflate and reposition the economy for Change.

OYO ASSEMBLY PASSES N173BN APPROPRIATION BILL INTO LAW

The Oyo State House of Assembly on Tuesday passed N173billion appropriation bill into law.
Governor Abiola Ajimobi had presented the budget for the 2016 fiscal year to the state legislature a few weeks ago.

The total figure was put at N173,769,404,444 billion by the state lawmakers.

The breakdown shows that N100,651,599,183 billion is for recurrent expenditure, while N73,117,805,261 billion is budgeted for capital expenditure.

The initial amount presented by the governor was N165,097,845,486 , but the recurrent expenditure now has an upward review of 8.7 per cent, capital expenditure 0.05 per cent and the budget size has a total increase of 5.2 per cent.