See what the Federal government is spending on Agriculture in 2021
A QUICK GUIDE TO NIGERIAN FEDERAL GOVT’S 2021 BUDGET
Learn MoreHow 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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