Buhari's Social Program: Very Possible - Obiagelli

Officially, Nigeria exports 2 million barrels of crude oil

daily. At the current price of 60 US dollars per barrel, that

translates into 120 million US dollars.



120 million x 365day = 43,800,000,000



43 billion dollars @ 60% ( rumoured sharing formula between Nigeria and oil companies)



That means Nigeria makes 25.8 billion dollars annually.



$25.8 billion x 200 naira = 5.1 trillion naira.





Nigeria's 2014 budget was N4.6 trillion meaning we still have about 0.5 trillion naira change.

http://ift.tt/1zyPFe1





FEDERAL INLAND REVENUE



Nigeria generated N4.69tn Revenue in 2014



http://ift.tt/1tBLkZO



Adding N4.69 trillion (firs) + 5.1 trillion (crude oil) = 9.79 trillion.



If our budget was N4.6 trillion then we have a balance of 5.1 trillion naira that nobody accounts for.



Barcanista asked where we will find 1.8 trillion to take care of our most vulnerable citizens, this balance of 5.1 trillion will be taken away from the pockets of criminals and militants.



Seun

Lalasticlala

Ishilove

MizMyColi

MzJackBaueress.



EDIT.





I forgot the FG gets 52% of total income, even at that we have a balance of 0.6 trillion naira which is sufficient for the first stage of the social programs.

The APC government has said one of its major income earners is the mining industry.



This plans with financial discipline is very much achievable.



Please note that my analysis is based our major source of income ( oil and taxes), i have not touched other income earnings.