fg 2017 approved9.3% 9.8% 19.91% jan 2014 may 2015 june 2017 food inflation source: nbs 8% 9% jan...

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FG 2017 APPROVED

BUDGET

With Support from

FISCAL FRAMEWORK

FG 2017 approved BUDGET

Capital Expenditure

Recurrent Expenditure (Non Debt)

Debt Servicing

Sinking Fund ( Bonds)

Statutory Transfers

Special InterventionN808bn

N3.29tn

N242bn

N262bn

N206bn

N277bn

N2.35tn

FG Independent Revenue

Revenue from FAAC (FG's Share)

VAT ( FG's Share)

Domestic Recoveries, Asset +Fine

Other FG Recoveries

Other Revenue

Deficit

N2.174tn

N2.64tn

N1.663tn

N178bn

N434bn

N350bn

5.59% increase over 2017 proposed budget

3.58% Increase Over 2017 Proposed Budget

4.31% increase over 2017 proposed budget

N7.44tnBUDGET SIZE

IN OUTN5.08tn Total Revenue

N7.44tn Total Expenditure NN

Source: Budget Office

FG 2017 Approved Budget 2

About BudgIT

BudgIT is a civic organisation driven to make the Nigerian budget and public data more comprehensible and accessible across every literacy span. BudgIT’s innovation within the public sphere is fundamentally via a creative use of government data by either presenting these in simple tweets, interactive formats or infographic displays. Our primary goal is to use creative technology to intersect civic engagement and institutional reform.

Lead Partner : Oluseun Onigbinde

Research Team: Atiku Samuel, Damisola Akolade-Yilu, Ayomide Faleye, Olaleye Olaniyi, and Odu Melody (Intern)

Creative Development: Segun Adeniyi

Contact: [email protected] +234-803-727-6668, +234-908-333-1633Address: 55, Moleye Street, Beside Total Filling Station, Sabo, Yaba, Lagos State, Nigeria

Data Sources: Budget Office of the Federation/National Bureau of Statistics/BudgIT Research

© 2017

Disclaimer: This document has been produced by BudgIT to provide information on budgets and public data issues. BudgIT hereby certifies that all the views expressed in this document accurately reflect our analytical standpoint which we deem reliable and fact based.

Whilst reasonable care has been taken to prepare this document, no responsibility or liability is accepted for errors or for any views expressed therein.


STATE OF THE

ECONOMY



ECONOMY IN RECESSION

3.96%

2.35%

2.84%

2.11%

-0.67%

-1.49%

-2.34%

-1.73%

Q1 6.21%

6.54%

6.23%

5.94%

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

-0.52%Q1

2014

2015

2016

2017Source: NBS


9.3% 9.8%

19.91%

Jan 2014

May 2015

June2017

FOOD INFLATION

Source: NBS

8% 9%

Jan 2014

May2015

Jan2017

June2017

INFLATION RATE

Source: NBS

18.72%16.10%

PRICE LEVEL



Source: NBS

UNEMPLOYMENT RATE

7.5%8.2%

9.9% 10.4%

12.2%

13.3%13.9%

Q1 Q2 Q3 Q4 Q1 Q2 Q3

2015

201614.2%

Q4



Source: NBS

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

$2.67bn $2.67bn $2.75bn

$1.56bn

$710.9m

$1.04bn

$1.82bn$1.55bn

$908m

2015 2016 2017

INFLOW OF FOREIGN CAPITAL

CAPITAL IMPORTATION



$5.39bn

$10.34bn$13.81bn

June 2011 June 2015 Mar 2017

Source: DMO

EXTERNAL DEBT STOCK

*Figures are for Federal and State Government



N5.21tn

N8.39tn

N14.93tn

June 2011 June 2015 Mar 2017Source: DMO

DOMESTIC DEBT STOCK

*Figures are for Federal and State Government



2011 2012 2013 2014 2015 2016 2017

$31.9bn$35.4bn

$37.3bn

$28.3bn$26.3bn

$30.5bn*

Source: CBN

$44.9bn

EXTERNAL RESERVES

*Figure as at 19 July 2017



WHERE WILL THE MONEY COME FROM?


N1.69tn

2011

N1.98tn

2014

N1.99tn

2013

N1.76tn

2012

N1.22tn

2015

N697.8bn

2016

FG SHARE OF ACTUAL OIL RELATED REVENUE


*Budget Target

N2.12tn*

2017

OIL REVENUE

41.7% of FG expected revenue in 2017will come from oil and gas sector

41.7%



FG ACTUAL SHARE OF COMPANY INCOME TAX

N333.8bn

N395.1bn

N458.9bn

N416.9bn

N473.3bn

N457.9bn

N808bn*

2011 2012 2013 2014 2015 2016 2017* Budget Target Source: Budget Office

15.9% of FG expected revenue in 2017will come from Company Income Tax

15.9%



N87.3bn

2011 2012 2013 2014 2015 2016 2017

N95.4bn

N106.7bnN106.9bn

N104.7bn

N109bn

N243bn*

FG ACTUAL SHARE OF VALUE ADDED TAX

* Budget Target Source: Budget Office

4.8% of FG expected revenue in 2017will come from Value Added Tax

4.8%



FG ACTUAL SHARE OF CUSTOMS’ AND EXCISE DUTIES


5.5% of FG expected revenue in 2017will come from the Custom Service

5.5%


N190.4bn

2011 2012 2013 2014 2015 2016 2017

N214.2bn

N255.4bn

N195.1bn

N232bnN228.6bn

N278bn*


FG INDEPENDENT REVENUE

15.9% of FG expected revenue in 2017will come from its Independent Agencies

15.9%



N1825bn

2011 2012 2013 2014 2015 2016 2017

N206.8bn

N295.3bnN274.4bn

N323.4bn

N237.8bn

N808bn*


WHERE WILL THE

MONEY GO?


ACTUAL SPENDING STRUCTURE

N7.44tnTotal 2017 Budget

Debt Servicing

N2.99tnN2.36tnN1.66tn

Recurrent (Non-Debt)Expenditure

Capital Expenditure

Provision for Maturing Bonds/

Sinking funds




N177.46bn

National Judiciary Council

Universal Basic

Education

National Assembly

Public Complaints Commission

INEC National Human Right

Commission

Niger-Delta Development Commission

N100bn

N64.02bn

N95.19bn

N125bn

N4bn

N45bn

N1.2bn

STATUTORY TRANSFERS




N434.4bnTotal

RECURRENT EXPENDITURE


N1.85tn

2011 2012 2013 2014 2015 2016 2017

N1.81tn

N1.69tn

N1.86tn*

N1.75tn

N1.65tn

N1.87tn

ACTUAL PERSONNEL COST




* Budget Target

N495.1bnN559.6bn

N591.8bn

N941.7bn

N1.0tn

2011 2012 2013 2014 2015 2016 2017

N1.3tn

N1.7tn*

ACTUAL DEBT SERVICING




* Budget Target

N14.48bnARREARS OF 33%

INCREASE IN PENSION RATE - MILITARY

PAYMENT INTO THE REDEMPTION FUND (5%

OF TOTAL PERSONNEL COST) INCLUDING

ARREARS OF 2014 AND 2015

N50.19bn

GROUP LIFE INSURANCE FOR ALL MDAs INCLUDING DSS/INSURANCE OF

SENSITIVE ASSETS/CORPERS PLUS ADMINISTRATION AND MONITORING

PUBLIC SERVICE WAGE ADJUSTMENT FOR MDAs (INCLUDING

ARREARS OF PROMOTION AND SALARY INCREASES) &

PAYMENT OF SEVERANCE BENEFITS

MILITARY OPERATIONS: LAFIYA DOLE & OTHER

OPERATIONS OF THE ARMED FORCES

PRESIDENTIAL AMNESTY PROGRAMME

SPECIAL INTERVENTION (RECURRENT)

N15bn

N30.2bn

N25bn

N76.7bn

N350bn

ACTUAL SERVICE WIDE VOTES

Selected Programs/Projects




CAPITALEXPENDITURE


CONSTRUCTION / PROVISION OF OFFICE

BUILDINGS

CONSTRUCTION / PROVISION OF HOUSING

CONSTRUCTION / PROVISION OF

WATER FACILITIES

CONSTRUCTION / PROVISION

OF PUBLIC SCHOOLS

CONSTRUCTION / PROVISION

OF AGRICULTURAL FACILITIES

CONSTRUCTION / PROVISION OF ROADS

CONSTRUCTION/PROVISION OF

RAIL-WAYS

CONSTRUCTION/PROVISION

OF WATER-WAYS

CONSTRUCTION / PROVISION OF ELECTRICITY

N39.41bn N169.42bn N19.25bn

N49.68bn N26.98bn N31.32bn

N162.50bn N152.33bn N9.73bn

CONSTRUCTION / PROVISION OF AIR-PORT /

AERODROMES

CONSTRUCTION/PROVISION OF DEFENCE

EQUIPMENTS

CONSTRUCTION/PROVISION

OF MILITARY BARRACKS

N26.42bn N19.32bn N9.70bn

HIGHLIGHTS




HOSPITALS PUBLIC SCHOOLS

N33.01bn

BOUNDARIES & RIGHT OF WAYS

N657.7m

N4.61bn

OFFICE BUILDINGS &RESIDENTIAL QTRS

N63.39bn

WATER FACILITIES

N54.02bn

HOUSING

N20.39bn

RAILWAY PROJECTS

N154.89bn

HIGHLIGHTS

CAPITAL EXPENDITURE

ROADS

N279.94bn

ARCHITECTURAL SERVICES

N31.26m




PURCHASE OFMOTOR CYCLES PURCHASE OF BUSES

N580.17m

PURCHASE OF VANS

N346.42m

N364.49m

PURCHASE OF TRUCKS

N774.93m

PURCHASE OF CARS

N28.8bn

MAINTENANCE OF VEHICLES

N3.6bn

MOTOR VEHICLE FUEL COST

N5.3bn

MAINTENANCE OF AIRCRAFT

N2.8bn

AIRCRAFT FUEL COST

N3.9bn

WHAT GOVERNMENT PLANS TO SPEND ON TRANSPORTATION EQUIPMENT AND MAINTENANCE?




Lokoja

Dualization Of Abuja-abaji-lokoja

Road In Fct And Kogi State

N7.13bn

PortHarcourt

Construction of Bodo-bonny Road With A Bridge across

the Opobo Channel in Rivers State

N7bn

Ibadan

Ilorin

Dualization of Ibadan-Ilorin Road Section II: Oyo-

Ogbomosho in Oyo State

N7bn

Kano

Dualization of Kano-Maiduguri

Road

N13.19bn

Maiduguri

East West Road N6.55bn

Minna

Dualization of Suleja-Minna Road in Niger State Sectionsi & II

N2.24bn

FCT

Zaria

Sokoto

Rehabilitation of Zaria-funtua-gusau-Sokoto-Birnin Kebbi Road

N2bn

2nd Niger BridgeN7bn

Lagos-Ibadan Expressway

N10bn Enugu/Port-Harcourt

Expressway

N10.6bn

SELECTED ROAD PROJECTS

PROVISION FOR ROADS

N279.94bn




KANO

MAIDUGURI

PORTHARCOURT

CONSTRUCTION OFCALABAR-LAGOS

RAILWAYS

RAILWAY MODERNIZATION LAGOS-KANO

KADUNA

COMPLETION OF ABUJA-KADUNA SINGLE TRACK RAIL-LINE

ITAKPE

MINNA

COMPLETION OF ITAKPE-WARRIRAIL TRACK &SIGNAL SYSTEMS

ABUJA

WARRI

LAGOS

CALABAR

IDU

SELECTED RAILWAY PROJECTS

PROVISION FOR RAILWAYS

N154.89bn

RAILWAY PROJECTS (LAGOS-KANO, CALABAR-LAGOS,

KANO-KADUNA, AJAOKUTA-ITAKPE-WARRI, KADUNA-IDU)

/COUNTERPART FUNDS AND OTHER RAIL PROJECTS

N148.14bn




COUNTERPART FUND CONTRIBUTION FOR EAST-WEST ROADN3bn

DUALIZATION OF EAST-WEST ROAD {SECTIONS 2 (2-2 } {AHOADA -KAIAMA}N1.7bn

N1.15bn

REHABILITATION AND RECONSTRUCTION OF OTUO-IKHIN ROADIN OWAN EAST LGA,EDO STATE N1.06bn

DESIGN AND CONSTRUCTION OF ADA-URO-OFAGBE ROAD WITH SPUR FROM ORIE-IDHEZE OZORO RD (15KM) DELTA STATE

N814m

DUALIZATION OF EAST-WEST ROAD SECTIONS 2 (2-1) (PH -AHOADA)"N1.1bn

COMPLETE REHABILITATION AND RECONSTRUCTION OF OTUO-AFUZE RD WITH A SPUR TO ANCHORAGE ROAD, OTUO,OWAN EAST LGA, EDO STATE. PHASE 2"

N800m

CONSTRUCTION OF SKILLS ACQUSITION CENTRES WITH RESIDENT SUPERVISION AND FURNISHING/EQUIPPING IN NINE STATES OF THE NIGER DELTA REGION"

N707.9m

CONSTRUCTION OF SKILLS ACQUISITION CENTRES WITH RESIDENT SUPERVISION AND FURNISHING/EQUIPPING IN NINE STATES OF THE NIGER DELTA REGION

N700m

CONSTRUCTION OF ONE BLOCK OF 6 CLASSROOMS EACH INABIA , AKWA-IBOM, BAYELSA,CROSS-RIVERS, DELTA, EDO, IMO, ONDO & RIVERS STATES

N600m

REHABILITATION OF OKPUALA-IGURUTA ROAD PHASE I , IMO STATE

MINISTRY OF NIGER-DELTA

TOP PROJECTS




PROVISION OF INSTRUCTIONAL MATERIALS FOR SECONDARY SCHOOLS NATIONWIDEN2.14bn

OPERATION COST OF FTS PROGRAMN1.94bn

N1.01bn

CONSTRUCTION OF FACULTY OF CLINICAL SCIENCE PHASE IIN778.9m

SDGS PROJECT TRAINING COMPONENT 'A' SPECIAL EDUCATIONAL NEEDS AND DISABILITIES (SENDS) AND EARLY CHILDHOOD EDUCATION INTERVENTION TRAINING COMPONENT 'B' MORAL HIV AND AIDS AWARENESS.

N595m

(PAYMENT OF SUPPLEMENTARY ALLOWANCE, MEDICAL, HEALTH INSURANCE, WARM CLOTHING, POSTGRADUATE ALLOWANCE, PASSAGES IN RUSSIA, CHINA, CUBA, ROMANIA, TURKEY, TUNISIA, ALGIERIA, MOROCCO, ROMANIA,

N1.1bn

COMPLETION OF NATIONAL LIBRARY PROJECT (HEAD QUARTER)N475m

CONSTRUCTION OF MODEL JUNIOR SECONDARY SCHOOLS WITH MODERN FACILITIES ACROSS KWARA CENTRAL SENATORIAL DISTRICT, SUPPLY OF CUSTOMISED PUPIL FURNITURES AND LABORATORY EQUIPMENT ACROSS KWARA CENTRAL SENATORIAL DISTRICT AND SUPPLY OF BOOKS

N450m

CONSTRUCTION OF MODEL JUNIOR SECONDARY SCHOOLS WITH MODERN FACILITIES ACROSS KOGI CENTRAL SENATORIAL DISTRICT, SUPPLY OF CUSTOMISED PUPIL FURNITURES AND LABORATORY EQUIPMENT ACROSS KOGI CENTRAL SENATORIAL DISTRICT AND SUPPLY OF BOOKS

N450m

OUTSTANDING LIABILITY ON EXCHANGE RATE DIFFERENTIAL FOR 2015 & 2016 BEA ONGOING REMITTANCES TO 12 BEA COUNTRIES

N444m

UNIVERSITY SYSTEM QUALITY ASSURANCE

MINISTRY OF EDUCATION

TOP PROJECTS




STRATEGIC JOINT VENTURE INVESTMENTS - TERTIARY INSTITUTIONS /NIGERIA SOVEREIGN INVESTMENT AUTHORITY (UNTH ENUGU, UBTH BENIN, UCH IBADAN, ABUTH ZARIA, UNIMTH MAIDIGURI, UITH, OAUTH,NATIONAL HOSPITAL ABUJA, LUTH LAGOS)"

N9bn

POLIO ERADICATION INITIATIVE (PEI)N4.86bn

N4.82bn

PROCUREMENT OF SUPPLEMENTARY VACCINES AND DEVICESN3.54bn

"UNITED STATES OFFICE OF INSPECTOR GENERAL (OIG) REFUND FOR GAVI”N1.65bn

PROCUREMENT OF ROUTINE VACCINES AND DEVICESN4.11bn

CONTRIBUTION/CO-FUNDING FOR UNICEF FOR PROCUREMENT OF RUTFTO BE DISTRIBUTED TO 6 GEOPOLITICAL ZONES"

N1.2bn

“PLACING 100,000 NIGERIANS ON HIV TREATMENT AND MANAGEMENT;CCM SUPPORT"N1bn

CO-FUNDING FOR THE PROCUREMENT AND NATIONALDISTRIBUTION OF CONTRACEPTIVE COMMODITIES BASED ON 2016 FORECAST

N915m

TAKEOFF GRANT FOR OUTREACH CENTRE OF UNIVERSITY OF MAIDUGURITEACHING HOSPITAL- MAMMAN B. ALI HOSPITAL POTISKUM TOWN OF YOBE STATE .

N400m

OIG REFUND & COUNTERPART FUNDING FOR GLOBAL FUND

MINISTRY OF HEALTH




TOP PROJECTS

POWER PROJECTS

TOP PROJECTS

CONSTRUCTION OF DAMATURU-GASHUA

132KV DC TRANSMISSION LINE”

N1.6bn

1 X150MVA 330/132KV SUBSTATION AT MAIDUGURI, 60MVA ,132/33KV SUBSTATION

N809mRURAL ELECTRIFICATION

PROJECTS IN FEDERAL UNIVERSITIES

N9.5bn

CONSTRUCTION OF 3,050MW MAMBILLA HYDROPOWER

PROJECT

N10bn

CONSTRUCTION OF 215MW LPFO/GAS POWER PLANT

N4bn




UTILITY HANGER TO ACCOMMODATE 3

HELICOPTERS (MI17, MI24AND MI35) OPERATIONAL COMMAND

BAUCHI STATE

N1.7bn

PROCUREMENT OF 2 X MI-35M HELICOPTERS

N16.48bnPROCUREMENT OF 2 X AGUSTA AW109 POWER HELICOPTERS

N4.56bn

PERIODIC DEPOT MAINTENANCE OF C-130H

AIRCRAFT (NAF 917)

N1.44bn

AIR-FORCE

2012 2014 2015 2016 2017

N885.6bnN937.8bn

N964.7bn

N1.05tnN1.17tn

FLEET RENEWAL

N15bnFLEET SUPPORT

INFRASTRUCTURE

N4bn

NAVYARMY

PROCUREMENT OF AMMUNITION OF VARIOUS TYPES

AND CALIBRE

N4.13bn N2.05bn

PROVISION OF UNIFORMS AND OTHER KITTING ITEMS

N2.02bn

PROCUREMENT OF DRONES AND ESTABLISHMENT OF

AERIAL INTELLIGENCE CENTRE

SECURITY BUDGET TREND

2017 SECURITY BUDGET

Source: Budget OfficeFG 2017 Approved Budget 35

N100bnZONAL INTERVENTION

PROJECTS ( Constituency Projects)

NORTHEAST INTERVENTION FUND N45bn

PAYMENT OF LOCAL CONTRACTORS' DEBTS/OTHER LIABILITIES

SDG: SPECIAL INTERVENTION PROJECT

RECAPITALISATION OF DEVELOPMENT FINANCE INSTITUTIONS

CONTINGENCY (CAPITAL)

N20bn

N20bn

N15bn

N10bn

CAPITAL SUPPLEMENTATION




FG BORROWING

PLAN


HOW WILL NIGERIA FUND THE DEFICIT?

Proceed from Sales of Govenment Properties N25bn*

Privatization Proceeds

Domestic Borrowings

Foreign Borrowings

N10bn

N1.25tn

N1.07tn




SECTORALALLOCATION


SECTORAL ALLOCATION

2016 2017

39.97bn 422.97bnTotal Capital

456.94bn

32.82bnTotal Recurrent

553.71bnTotal Capital

556.84bnTotal Allocation

Federal Ministry of Interior

513.66bn 451.94bn 61.71bnTotal CapitalTotal Allocation



Federal Ministry of Defence





Federal Ministry of Health





Federal Ministry of Education





Federal Ministry of Works, Power and Housing

Total Recurrent

Total Recurrent

Total Recurrent

Total Recurrent

Total Recurrent

Total Recurrent

Total Recurrent

Total Recurrent

Total Recurrent

Total Allocation




SECTORAL ALLOCATION

Amount in Naira (N)2016 2017

13.67bnTotal Personnel



14.81bnTotal Recurrent



Federal Ministry of Agriculture

75.81bn 29.63bnTotal Personnel

46.17bnTotal CapitalTotal Allocation




Office of the National Security Adviser







Federal Ministry of Trade and Investment


5.89bnTotal Capital





Federal Ministry of Water Resources







Federal Ministry of Transportation





Notes

KANO

MAIDUGURI

PORTHARCOURT

CONSTRUCTION OFCALABAR-LAGOS

RAILWAYS

N60bn

RAILWAY MODERNIZATION LAGOS-KANO

N60bn

KADUNA

COMPLETION OF ABUJA-KADUNA SINGLE TRACK

RAIL-LINE

N19.8bn

ITAKPE

MINNA

COMPLETION OF ITAKPE-WARRIRAIL TRACK &

SIGNAL SYSTEMS

N8.5bnABUJA

WARRI

LAGOS

CALABAR

for Provision of Power, Water, Station building, Fence,

etc for rail lines

N3.2bnOTHERS

SELECTED RAILWAY PROJECTS

PROVISION FOR RAILWAYS

N149.3bn

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fg 2017 approved9.3% 9.8% 19.91% jan 2014 may 2015 june 2017 food inflation source: nbs 8% 9% jan...

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