The proposed Nigeria's 2022 Budget is out and here are the numbers!
![](https://aozforum.com/images/avatar.png)
Posted 3 years ago
by shakiez893
![](https://aozforum.com/uploads/featured_images/1633880140KlGK6344lv.jpeg)
President Muhammadu Buhari has submitted the 2022 budget to the national assembly in a joint session.
Below is the breakdown of the numbers.
The total budget size is N16.39tn, hinged on a revenue projection of N10.13tn. This leaves a deficit of N6.26tn.
N6.83tn & N3.61tn were earmarked for non-debt recurrent expenses & debt servicing.
Projections for the proposed #2022budget were benchmarked against;
-An oil production of 1.88 million barrels per day,
-A benchmark oil price of $57 per barrel
-An exchange rate of N410.15 to US$
-A targeted inflation rate of 13% and
-A GDP growth rate of 4.2%
Leave a comment below.
Like
0 Likes
Comments ( 0 )
No comments yet