Nigeria’s Budget From 1999-2019 Under PDP,APC Govt

PDP’s 16 Years – N41.21trn
2] APC’s 6 Years – N40.17trn

PDP
1999 – N299bn
2000 – N702bn
2001 – N894bn
2002 – N1.06trn
2003 – N1.45trn
2004 – N1.19trn
2005 – N1.6trn
2006 – N1.88trn
2007 – N2.39b
2008 – N2.74trn
2009 – N3.05trn
2010 – N4.4trn
2011 – N4.7trn
2012 – N4.9trn
2013 – N4.99trn
2014 – 4.96trn

APC
2015 – Passed in April 2015 N4.4trn
2016 – N6.06trn
2017 – N7.4trn
2018 – N9.12trn
2019 – N8.92trn
2020 – N10.33trn (Proposed)

These data are original figures and did not consider changes in interest rates, inflation (purchasing power), exchange rates.
N40.17 Billion Budget includes the Proposed budget of 2020 and I did not consider indirect taxes on Nigerians like Bank deposit and withdrawals, Fuel price increase (tax), Abacha loot refund, World Bank and IMF refunds. The Current debt profile of Nigeria is N25trillion and will be N31.02Trillion by end of 2020.
These exclude about N9.33trillion the Buhari’s govt borrowed from govt trust, Investment funds like the Pension.
This rising debt profile of Nigeria confirms the reckless squandering attribute of the present govt and their over-invoicing and padding of contract fees.

READ  2023 Presidency: It's Premature To Zone Presidential Position Now - PDP

Drop your comment

Which government do you think Nigerians need APC OR PDP

Recommended For You

Leave a Reply

%d bloggers like this: