Nigeria Economic Chart Park

Capital Importation And Budgetary Allocation

Capital Importation (US$ Thousand)

What happened in late 2015?

Budgetary Allocation (Billion )

Budgetary allocation for agriculture rise in 2016

Capital Importation: Foreign investment into the agricultural sector was relatively flat between 2007 and 2012 but gained unusual momentum in September 2015. The spike in 2015 is likely driven by the rise in investor confidence in line with the new governments strong stance on devaluation.

Budgetary Allocation: The proportion of the national budget allocated to the agricultural sector, which fell deeply in 2015, was increased in 2016, in both recurrent and capital expenditure in the sector. This is attributable to the present governments commitment to agriculture.




Related

 

Appropriation Act (Budget)

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.

Real GDP Growth Rate

On average, Nigerias GDP growth rate has averaged about 5 percent; attaining an unusual trough of nearly -10 percent in 2003Q4 and a peak of nearly 20 percent in 2004Q4. However, the Nigerian economy

Public Debt-to-GDP Ratio

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 And Currency In Circulation (CIC):

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