Daily Law Tips By Onyekachi Umah,Esq. (Tip 126)
“Summary of 2018 Budget of the Federal Government of Nigeria”.
It is your RIGHT to know and understand Budgets of Nigeria and it’s states as well as to demand transparent execution. The 2018 Budget contains;
2018 Expected Revenue is N7.17 Trillion
2018 Expected Expenditure is N9.12 Trillion
Highest Revenue Source: Oil Revenue (41.7%)
Lowest Revenue Source: Tax Amnesty (1.2%)
Recurrent Expenditure(Non-Debt): N3.512 Trillion
Capital Expenditure: N2.87 Trillion
Highest Funded Ministry: Interior
Lowest Funded Ministry: Water Resources
Assumed Price of Oil: $51 per barrel
My authority: The Appropriation Act 2018.
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