Full Breakdown of 2016 National Budget

Nigeria’s president Buhari presented the national budget for 2016 to the national assembly on Tueday, December 23. See the full breakdown of the budget he presented below
GDP Growth Rate Projection 4.37%
Revenue Projection 3.86 Naira
Deficit 2.22 trillion Naira (equivalent to 2.16% of Nigeria’s GDP)
Oil Related Revenues 820 billion Naira
Non-oil Revenues 1.45 trillion Naira
Projected Independent Revenues 1.51 trillion Naira
Capital Expenditure 1.8 trillion Naira (30% of total budget)
Works, Power and Housing 433.4 billion Naira
Transport 202.0 billion Naira
Interior 53.1 billion Naira
Special Intervention Programs 300 billion Naira
Education 369.6 billion Naira
Defence 294.5 billion Naira
Health 221.7 billion Naira
Ministry of Interior 145.3 billion Naira
Foreign and Domestic Debt Service 1.36 trillion Naira
Sinking Fund towards the retirement of maturing loans 113 billion Naira
Non-debt Recurrent Expenditure 2.65 trillion Naira

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WAEC Releases November/December 2015 GCE Result, 48% Pass Recorded

The West African Examination Council (WAEC), has released the long awaited November/December 2015 General Certificate Examination (GCE) result.

Announcing the release of the results at a news conference in Lagos, the Head, National Office of the Council, Mr. Isaac Adenipekun, said of the total 237,154 candidates who sat for the examinations, 235,542 candidates, representing 99.32%