See what the Federal government is spending on Agriculture in 2021

See what the Federal government is spending on Agriculture in 2021

A QUICK GUIDE TO NIGERIAN FEDERAL GOVT’S 2021 BUDGET

How much is the BUDGET?

How will the BUDGET BE FUNDED?

How will the BUDGET BE SPENT?

HOW MUCH IS THE 2021 BUDGET

Total Budget: ₦13.588 trillion, 29.3% more than the 2020 Budget.

Breakdown:
Statutory Transfers: ₦496.53bn [3.65%]

Debt Service: ₦3.32tn [24.47%]

Recurrent Expenditure: ₦5.64tn [41.52%]

Capital Expenditure: ₦4.13tn [30.36%]

HOW WILL THE BUDGET BE FUNDED?

2021 Budget = 2021 Revenue + 2021 Deficit

2021 Revenue: ₦7.986tn [58.78%]
2021 Deficit: ₦5.60tn [41.22%]

2021 Budget: ₦13.588 trillion

Where will the Revenue of ₦7.99tn come from?

Share of Fed Revenues: ₦3.50tn
Independent Revenues: ₦1.06tn
Aids and Grants: ₦354.85bn
Special Funds/Account: ₦300bn
Govt-Owned Enterprises: ₦1.35tn
Others: ₦1.42tn

READ ALSO: Open letter to all farmers

Where will the Deficit of ₦5.60tn come from?

Debt Financing: ₦4.69tn

Asset Sales/Privatization: ₦205.15bn

Multi/Bilateral Project-tied Loan: ₦709.69bn

HOW WILL THE BUDGET BE SPENT?

The BUDGET has 4 Components:

#1 STATUTORY TRANSFERS: ₦496.53bn

#1 NJC: ₦110bn
#2 NDDC: ₦63.51bn
#3 UBEC: ₦70.05bn
#4 NASS: ₦134bn
#5 PCC: ₦8.69bn
#6 INEC: ₦40bn
#7 NHRC: ₦3.92bn
#8 NEDC: ₦31.33bn
#9 BHCF: ₦35.03bn

#2 DEBT SERVICE: ₦3.32tn

Domestic Debts: ₦2.183tn

Foreign Debts: ₦940.89bn

Sinking Fund to Retire Maturing Loans: ₦200bn

#3 RECURRENT EXPENDITURE: ₦5.64tn – Salaries, Allowances etc

#4 CAPITAL EXPENDITURE: ₦4.13tn – Projects, Infrastructures, etc

Top Allocations to MDA:
#1 Defence: ₦966.4bn
#2 Education: ₦701.4bn
#3 Health: ₦514.8bn
#4 Police Affairs: ₦455.1bn
#5 Works & Housing: ₦430.4bn
#6 Fin, Budget & Nat Pl.: ₦398.5bn
#7 Agric & Rural Devt: ₦280.3bn
#8 Interior: ₦265.7bn
#9 Transport: ₦223.96bn
#10 Power: ₦212.8bn
#11 Youths & Sports: ₦181.3bn
#12 Sec to Govt: ₦179.7bn
#13 Water Res.: ₦169.8bn
#14 Science & Tech: ₦157.8bn
#15 Foreign Affairs: ₦83.6bn
#16 Humanitarian: ₦82.1bn
#17 Ind, Trade & Inv: ₦80.9bn
#18 Aviation: ₦77.2bn
#19 Labour & Emp: ₦70bn
#20 Info & Culture: ₦72.8bn

#Budget2021CitizensGuide

#StatiSense
Facts to share budget

A QUICK GUIDE TO NIGERIAN FEDERAL GOVT’S 2021 BUDGET

How much is the BUDGET?

How will the BUDGET BE FUNDED?

How will the BUDGET BE SPENT?

HOW MUCH IS THE 2021 BUDGET

Total Budget: ₦13.588 trillion, 29.3% more than the 2020 Budget.

Breakdown:
Statutory Transfers: ₦496.53bn [3.65%]

Debt Service: ₦3.32tn [24.47%]

Recurrent Expenditure: ₦5.64tn [41.52%]

Capital Expenditure: ₦4.13tn [30.36%]

HOW WILL THE BUDGET BE FUNDED?

2021 Budget = 2021 Revenue + 2021 Deficit

2021 Revenue: ₦7.986tn [58.78%]
2021 Deficit: ₦5.60tn [41.22%]

2021 Budget: ₦13.588 trillion

Where will the Revenue of ₦7.99tn come from?

Share of Fed Revenues: ₦3.50tn
Independent Revenues: ₦1.06tn
Aids and Grants: ₦354.85bn
Special Funds/Account: ₦300bn
Govt-Owned Enterprises: ₦1.35tn
Others: ₦1.42tn

Where will the Deficit of ₦5.60tn come from?

Debt Financing: ₦4.69tn

Asset Sales/Privatization: ₦205.15bn

Multi/Bilateral Project-tied Loan: ₦709.69bn

HOW WILL THE BUDGET BE SPENT?

The BUDGET has 4 Components:

#1 STATUTORY TRANSFERS: ₦496.53bn

#1 NJC: ₦110bn
#2 NDDC: ₦63.51bn
#3 UBEC: ₦70.05bn
#4 NASS: ₦134bn
#5 PCC: ₦8.69bn
#6 INEC: ₦40bn
#7 NHRC: ₦3.92bn
#8 NEDC: ₦31.33bn
#9 BHCF: ₦35.03bn

#2 DEBT SERVICE: ₦3.32tn

Domestic Debts: ₦2.183tn

Foreign Debts: ₦940.89bn

Sinking Fund to Retire Maturing Loans: ₦200bn

#3 RECURRENT EXPENDITURE: ₦5.64tn – Salaries, Allowances etc

#4 CAPITAL EXPENDITURE: ₦4.13tn – Projects, Infrastructures, etc

Top Allocations to MDA:
#1 Defence: ₦966.4bn
#2 Education: ₦701.4bn
#3 Health: ₦514.8bn
#4 Police Affairs: ₦455.1bn
#5 Works & Housing: ₦430.4bn
#6 Fin, Budget & Nat Pl.: ₦398.5bn
#7 Agric & Rural Devt: ₦280.3bn
#8 Interior: ₦265.7bn
#9 Transport: ₦223.96bn
#10 Power: ₦212.8bn
#11 Youths & Sports: ₦181.3bn
#12 Sec to Govt: ₦179.7bn
#13 Water Res.: ₦169.8bn
#14 Science & Tech: ₦157.8bn
#15 Foreign Affairs: ₦83.6bn
#16 Humanitarian: ₦82.1bn
#17 Ind, Trade & Inv: ₦80.9bn
#18 Aviation: ₦77.2bn
#19 Labour & Emp: ₦70bn
#20 Info & Culture: ₦72.8bn

#Budget2021CitizensGuide

#StatiSense

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