Capital Importation And Budgetary Allocation (Transport Sector)
Capital Importation (US$ Thousand)
Budgetary Allocation (Billion )
Massive capital expenditure in Transport budgeted for 2016
Capital Importation: Since the dramatic decline in 2013, private and government sector investments in the sector have remained low in 2016.
Budgetary Allocation: Budgetary allocations to the transport sector have continued to fall since 2010. However, the budgetary allocations for capital expenditure rose exceedingly in 2016 reflecting the Presidents commitment to improve infrastructures, particularly in transport sector.
Appropriation Act (Budget): Capital expenditure remarkably increased in 2016 relative to preceding year, on the account of the present governments renewed commitment to infrastructure development.
Public Debt-to-GDP Ratio: The ratio of Nigerias cumulative government debt to national GDP has maintained an upward trend indicating the countrys declining economic productivity and ability to repay
Net Domestic Credit: Rising net credit to government and private sector have driven the upward trend in NDC, especially post-2008. In 2016Q1, NDC grew largely on the account of the rise in banking sec
External Reserve: External reserve picked up from its year-2000 level below $10,000 million to above $60,000 million in 2008. However, the external reserve fell deeply in 2010/11 and even further in 2