Capital Importation And Budgetary Allocation (Oil And Gas)
Capital Importation (US$ Thousand)
Investment rise sharply in 2016Q2
Budgetary Allocation (Billion )
Capital vs Recurrent expenditure, closing the gap?
Capital Importation: Investment in the oil and gas sector has remained low since 2009. However, investments into the sector fell more deeply in 2015, on the account of persistent global and domestic challenges to the sector. However, it increased sharply in 2016Q2 on the account of increased disbursement in the sector by the CBN for the repair of damaged oil and gas pipelines.
Budgetary Allocation: Recurrent spending has continued to rise as capital spending fall (or rise marginally) in annual national budget allocation since 2009. However, considerable convergence capital and recurrent expenditure is recorded in 2016 budget, signalling government interest in improving the oil and gas sector.
Capital Importation: Overall capital imported into the manufacturing sector fell deeply in 2015 and has remained low in 2016H1 on the account of present FOREX issues affecting businesses in the sector
91-Day Treasury Bills: T-bill rate has highly fluctuated overtime on the account of the rise and fall in investor confidence, monetary policy easing/tightening, governments demand for funds, and infl
Capital Importation: Capital expenditure into the construction sector remained above 10 percent since 2005 until 2015. Similar to the manufacturing sector, overall capital imported into the constructi
Tax Collected: Tax revenue which has relatively maintained an upward trend, fell considerably in 2015 and dipped significantly in early 2016 on the account of economic downturn, as many businesses sev