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Federal Government of Nigeria 2020 Budget Proposal (BETA)

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On the 8th of October, 2019, President Muhammadu Buhari presented to the National Assembly, the proposed budget for year 2020. Details of the speech can be reviewed here.

According to Budgit analysis, Nigeria’s revenue of N8.15tn is inadequate to fund the N10.33tn proposed expenditure, leaving a deficit of N2.18tn. A simple breakdown of the proposed expenditure reveals:

  • N4.8tn for non-debt recurrent expenditure – overheads and personnel costs
  • N2.45tn for debt servicing
  • N2.14tn for capital expenditure
  • N556.7bn for statutory transfers and
  • N296bn for sinking fund

Going a little further into the details

When a budget is reviewed, going into the nitty-gritty details is inevitable. Our analysts have uncovered the schema for classifying all the expenditure items contained within the budget which is pervasive to all MDAs.

So far, we have discovered 96 expenditure items with 4 levels of hierarchy which will serve as the schema or strata for classifying other expense items within the budget. We have begun with breaking down the budget of the Presidency.

Breaking down the budget of the Presidency

Find out using our dashboard. **Best viewed on a desktop.

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