BREAKDOWN OF 2019 FGN

APPROVED BUDGET
PUBLIC PRESENTATION OF THE 2019
BUDGET OF CONTINUITY

SEN. UDOMA UDO UDOMA, CON

Hon. Minister, Ministry of Budget & National Planning
1
Tuesday, 28th May, 2019
1
 OUTLINE

1 Background & Context

2 Summary of 2018 Budget Performance

3 Global Outlook: Recent Developments & Prospects

4 Background to the 2019 Budget

5 Underlying Assumptions driving the Macroeconomic

Parameters and Targets for the 2019 Budget

6 Approach to the 2019 Budget

7 Overview of the 2019 Budget
8 Projects in the 2019 Budget

9 Conclusion

Public Presentation of the 2019 Enacted Budget

 Background & Context
▪ The 2019 budget proposal was presented to the National
Assembly (NASS) by Mr. President on December 19, 2018;
passed by the NASS and transmitted to the President on May
9, 2019.

▪ After the usual analysis of the budget as passed by NASS, the

President signed the budget into law yesterday May 27,
2019. Today, I am here to present details of the signed
budget.

▪ The 2019 budget is designed to further reposition the

economy on the path of higher, inclusive, diversified and
sustainable growth, and to continue to lift significant
numbers of our citizens out of poverty. 3
 Background & Context …/2
▪ The macroeconomic environment has stabilized and is
recovering gradually, and thus renewed confidence in
the country’s growth prospects.

▪ The Economic Recovery and Growth Plan (ERGP), which

underpins government’s economic recovery actions, is
the basis for medium-term fiscal strategy to achieve
sustained economic growth, diversification and social
inclusion.

▪ Some of the underlying assumptions and targets in the

ERGP have been updated to reflect current
realities/projections. 4
 Summary of 2018 Budget Performance
S/N Description FY Budget Actual

1. GDP Growth Rate (%) 3.5 (2.1) 1.93**

2. Oil Production (mbpd) 2.3 1.96
3. Oil Price (US $) 51 71.3+
4. Inflation Rate (%) 12.4 11.44*
5. Exchange Rate (N/$) (CBN 305 305.95
Official Rate)
6. Revenue (N’trillion) 7.16 3.96
7. Expenditure (N’trillion) 9.12 6.94

*Inflation rate for December, 2018; As at April 2019, inflation rate is 11.37%
** GDP growth for Q1 2019 was 2.01%.
+ Bonny Light price average FY 2018

SOURCE: 2018 Appropriation Act; NBS Q-Reports; OAGF.NNPC

5
 Summary of 2018 Budget Performance …/2
As at the end of the year, Federal Government’s actual aggregate revenue
was N3.96 trillion, which is 55 percent of the budget, although higher than
2017 revenue. This includes:
▪ Oil Revenue of N2.32 trillion (77% of budget and 64% higher than
2017);
▪ Company Income Tax (CIT) of N637.25 billion (80% of budget and
17% higher than 2017);
▪ Value-Added Tax (VAT) of N148.92 billion (72% of budget and 15%
higher than 2017);
▪ Customs Collections of N303.91 billion (94% of budget and 16%
higher than 2017); and,
▪ Independent Revenues of N454.34 billion (54% of budget and 54%
higher than 2017).
The overall revenue performance is only 55 percent of the target in the 2018
Budget partly because some one-off items such as the N710 billion from
Oil Joint Venture Asset restructuring and N320 billion from revision of the
Oil Production Sharing Contract legislation/terms are yet to be actualized
and have thus been rolled over to 2019. 6
 Summary of 2018 Budget Performance …/3
▪ Of the total appropriation of N9.12 trillion, N6.938
trillion was spent. This represents 79%
performance.

▪ Debt service and the implementation of non-debt

recurrent expenditure, notably payment of workers’
salaries and pensions, were on track.

7
 Key Initiatives to improve FGN Revenues
▪ The Federal Government has also sustained its efforts to improve
public financial management through the comprehensive
implementation of the:
✓ Treasury Single Account (TSA),
✓ the Government Integrated Financial Management Information
System (GIFMIS) and
✓ the Integrated Payroll and Personnel Information System (IPPIS).

▪ President has directed that immediate action be commenced to

restructure the Joint Venture Oil Assets so as to reduce government
shareholding to not less than 40 percent and that this exercise must
be completed within the 2019 fiscal year.

▪ The Department of Petroleum Resource are now concluding efforts

on the collection of past-due oil license and royalty charges.

8
 Key Initiatives to improve FGN Revenues …/2
▪ Following Mr. President’s directive:
✓ The Ministry of Finance, working with all the relevant authorities,
has been authorized to take action to liquidate all recovered,
unencumbered assets;
✓ Given the improved oil prices and production levels, Nigerian
National Petroleum Corporation (NNPC) is to immediately
commence the recovery of all outstanding obligations, including
those due from Nigerian Petroleum Development Company
(NPDC) (a subsidiary of NNPC), which it had agreed to pay since
2017.

▪ Finally, amongst other revenue generating initiatives, Mr. President

has directed that work should be concluded on the deployment of the
National Trade Window and other technologies to enhance Customs
collections efficiency.

9
 GLOBAL OUTLOOK:
RECENT DEVELOPMENTS AND PROSPECTS

10

Public Presentation of the 2019 Enacted Budget

 Background to the 2019 Budget:
Global Environment

Global economic recovery

is precarious, projected to
slow down from 3.6% in
2018 to 3.3% in 2019.
However a rebound to
3.6% is projected for 2020

Sub-Saharan Africa is
projected to continue to grow
rising from 3.0% in 2018 to
3.5% and 3.7% in 2019 and
2020 respectively.
11
 Background to the 2019 Budget:
Global Environment …/2
▪ The global growth forecast reflects a combination of waning
cyclical forces and a return to tepid potential growth in
advanced economies; a precarious recovery in emerging
markets and developing economies.

▪ The tension associated with the trade dispute between the two
largest world economies (USA and China) has consequential
impact on global growth prospects. Importantly, tariffs on $200
billion of US imports from China will be a drag on US imports
from China

▪ Increased volatility in global market amid rising tensions

between the United States and Iran in the Gulf, which threaten
to disrupt supply and price.
 Background to the 2019 Budget:
Global Environment …/3
▪ Growth in advanced economies is expected to decline from
2.2% in 2018 to 1.8% in 2019, and 1.7% in 2020.

▪ In the Euro area, growth is projected to slow-down from 1.8%

in 2018 to 1.3% in 2019. However expected to rebound to 1.5%
in 2020.
 Background to the 2019 Budget:
Global Environment …/4
❑ The baseline projection of about 1.2% and 1.4% growth in the
United Kingdom in 2019–20 is surrounded by prolonged
uncertainty about the Brexit outcome.

❑ In the United States, growth is expected to decline to 2.3 % in

2019 and soften further to 1.9 % in 2020 with the unwinding of
the fiscal stimulus.

❑ Economic growth in China, despite fiscal stimulus and no

further increase in tariffs from the United States relative to
those in force as of September 2018, is projected to slow on
an annualized basis in 2019 and 2020.

14
 The Nigerian Economy:
Implications of Global & Domestic Developments

15

Public Presentation of the 2019 Enacted Budget

 Background to the 2019 Budget:
Domestic Environment

❑ The macro-economy has been largely stable. Growth has

increased from 0.82% in 2017 to 1.93% in 2018 and 3.01%
is expected in 2019, with the continuing implementation of
the ERGP.
❑ Real GDP increased from 1.89% in Q1 of 2018 to 2.01% in
the first quarter of 2019. The strongest first quarter growth
since 2015.
❑ Significant growth in the non-oil sector: 2.47% growth in Q1
2019, up from 0.76% in Q1 2018
❑ Diversification efforts continue; the contribution of the non-oil
sector to GDP increased from 90.4% in Q1 2018 to 90.9% in
Q1 2019.
 Background to the 2019 Budget:
Domestic Environment …/2

❑As employment growth usually takes some time to

recover after recession, National Bureau of Statistics
(NBS) data shows that unemployment and
underemployment remain high in Nigeria.
❑However, we can expect reduction in the rate of
unemployment, as we continue to implement the
policies and programmes of the ERGP which are
directed at creating more diversified and inclusive
growth.
❑ Mr President has indicated that the focus of his
second term will be employment generation.
 Background to the 2019 Budget:
Domestic Environment …/3
❑ Relative peace and stability have been attained in the
fight against insurgency in parts of the North-East, with
economic activities recovering. Government is taking
steps to address issues of rising insecurity in other
parts of the country.

❑ Agricultural performance has continued to improve.

Agriculture sector grew in real terms from 1.91% in Q3
2018 to 2.46% in Q4 2018 and to 3.17% in Q1 2019.

❑ Headline inflation has largely declined every month

since January 2019 albeit increasing slightly in April
2019 to 11.37% from 11.25% in March 2019.
 Background to the 2019 Budget:
Domestic Environment …/4
Domestic Developments .../2

❑ Militancy in the Niger Delta has generally abated.

Production increased from an average of 1.91mbpd
in Q4 2018 to an average of 1.96mbpd in Q1 2019.
❑ Oil Production was affected by breaches of
pipelines, maintenance and technical issues.

❑ Mr. President has directed the NNPC to take all

possible measures to achieve the targeted oil
production of 2.3 million barrels per day.
 Underlying Assumptions driving the Macroeconomic
Parameters &Targets for the 2019 BUDGET

21

Public Presentation of the 2019 Enacted Budget

Key Assumptions & Macro-Framework of
2019 Budget
ERGP
Oil Production 2.3 mbpd 2.4mbpd

$ ERGP
Oil Price $60/b $50/b

305/ Exchange Rate ERGP

N305/$
Key
ERGP
Assumptions 9.98%Inflation Rate 13.39%

ERGP N106.03 trn

N119.28 trn Nominal Consumption

N139.65 trn Nominal GDP ERGP

N126.86 trn

3.01% GDP Growth Rate ERGP

4.5%

22
 Key Assumptions & Macro-Framework of
2019 Budget …/2
❑ Crude oil prices declined early in the year from an average
of US$71.3 per barrel in 2018 to US$60.5 per barrel in
January 2019.
❑ Prices have risen steadily recently to about US$69 per
barrel currently for Nigeria.
❑ The consecutive rise is explained by continuing
strengthening oil market fundamentals, improved market
sentiment, and commitments to restore global oil market
stability.
❑ The World Bank projects crude oil prices to moderate
slightly from their current levels and average $66 per barrel
in 2019.
23
 Approach to the 2019 Budget
▪ The 2019 Budget seeks to continue the reflationary & consolidation policies
of the 2017 and 2018 Budgets respectively, which helped put the economy
back on the path of growth

▪ On the expenditure side, allocations to Ministries, Departments and

Agencies (MDAs) of Government were guided by the 3 core objectives of the
ERGP, which are, (i) Restoring and Sustaining Growth; (ii) Investing in our
People and (iii) Building a Globally Competitive Economy.

▪ As with 2016, 2017 and 2018 Budgets, the 2019 Budget has been prepared
on the Zero Based Budget (ZBB) Principles.

▪ The 2019-2021 Medium Term Fiscal Framework (MTFF), Medium

Term Sector Strategies and approved 2019 Budget reflect many of
the reforms and initiatives in the ERGP, our roadmap to economic
ERGP, MTEF/FSP, recovery and a more sustainable growth.
MTSS

• Projects are linked to government policies and overarching strategic

priorities.
24
 Overview of the 2019 Budget as Passed by
NASS and signed into Law by Mr. President
yesterday, Monday, 27th May, 2019.

25

Public Presentation of the 2019 Enacted Budget

 Adjustments Made by the National Assembly
❑ Executive revenue assumptions were generally approved and
adopted by NASS, except for unexplained increases totalling
N31.5 billion on some non-oil revenue lines.

❑ NASS increased the budget size from N8.83 trillion to N8.92

trillion, translating to an increase of N90.33 billion

❑ This has resulted in an overall increase of N58.83 billion in

deficit. Inexplicably, NASS reduced the proposed borrowing from
N1.649 trillion to N1.605 trillion, thus creating an overall
unfunded deficit of N102.83 billion. To fully fund the budget, the
level of borrowing may therefore have to increase.

❑ Allocations for some executive projects based on critical

3.2 2.8 3
appraisal and linked to the ERGP were reduced and a large
number of new projects, mainly constituency type projects, were
introduced.
26
 Adjustments Made by the National Assembly …/2

❑ Mr. President intends to engage the leadership of the ninth

National Assembly, as soon as it emerges, to effect any
amendments necessary to ensure he delivers on his
electoral promises.
❑ Mr. President also intends to seek the support of the
leadership of the NASS for a smoother, faster budget
process going forward and their collaboration to return to a
January-December fiscal year.

3.2 2.8 3

27
 2019 Budget Revenue Projection – Where the Money is
coming from?
An Overview of the Revenue Framework

3.2 2.8 3

Source: BOF, NNPC, NCS, MBNP, NBS, FIRS, DPR 28

 2019 Budget Revenue Proposals – Where the Money is
coming from …/2
Highlights
❑ Distribution of expected FGN revenue are as follows:
▪ Oil Revenue – 52.7%
▪ CIT – 11.6% Note:

▪ VAT – 3.3% ▪ We have again, reflected

▪ Customs – 4.4%
▪ Independent Revenue – 9.0%
▪ Signature Bonus – 1.2%
▪ JV Equity Restructuring – 10.1%
▪ Grants & Donor Funding – 3.0%
▪ Domestic Recoveries & Fines – 2.9% in 2018.
▪ Others* - 1.8%
projected proceeds from oil
assets ownership restructuring as
revenues for transparency &
monitoring.
▪ Expected funds have been
earmarked to fund critical capital
projects as this was not achieved

* Balances in Special Accounts, FGN Share of NLNG Dividend, Share of Minerals & Mining
29
 2019 Budget Expenditure Estimates – Where the Money is
going to?
An Overview of the Expenditure Framework Highlights

▪ 2019 FGN spending (exclusive of

GOEs/BT Loans) is projected to
be N8.92 trillion, which is N90.3
billion more than the proposal.

▪ Recurrent (non-debt) spending

N17.38 billion more than the
Executive proposal

▪ Out of the Capital Expenditure of

N2.93 trillion, MDAs capital and
Capital supplementation is N2.09
trillion

▪ Capital Expenditure (Inclusive of

Transfers, GOEs Capital &
Project-tied loans) as % of FGN
Expenditure is 31% .

▪ At N2.14 trillion, debt service is

27% of revenue

3.2 2.8 3
▪ The proposal for the provision to
retire maturing bond to local
contractors was reduced by N10
billion

Source: BOF, NNPC, NCS, MBNP, NBS, FIRS, DPR 30

 Financing the Deficit
An Overview of Deficit, Financing & Critical Ratios Highlights

• Overall budget deficit is

N1.918 trillion, against
N1.859 trillion in the
Executive Proposal. This
represents 1.37% of
GDP.

• Budget deficit is to be
financed mainly by
borrowing N1.605 trillion
split equally between
domestic and foreign
borrowing. This is a
reduction from the
Executive planned
borrowing of N1.649
trillion.
3.2 2.8 3
• Financing gap of N102.84
billion

Source: BOF, NNPC, NCS, MBNP, NBS, FIRS, DPR 31

 Top 12 MDA Recurrent Expenditure Allocations in the
2019 Budget
Recurrent Expenditure (N billions)

FEDERAL MINISTRY OF SCIENCE AND TECHNOLOGY 35.021

FEDERAL MINISTRY OF INFORMATION & CULTURE 44.6016

FEDERAL MINISTRY OF AGRICULTURE & RURAL DEVELOPMENT 57.6774 Allocation underscores our
OFFICE OF THE SECRETARY TO THE GOVERNMENT OF THE
commitment to increase investment in
63.4003
FEDERATION national security and human capital
MINISTRY OF FOREIGN AFFAIRS 66.1071 development.

MINISTRY OF PETROLEUM RESOURCES 67.8506

OFFICE OF THE NATIONAL SECURITY ADVISER 86.8403

FEDERAL MINISTRY OF YOUTH & SPORTS DEVELOPMENT 122.668

FEDERAL MINISTRY OF HEALTH 315.7173

MINISTRY OF DEFENCE 430.8297

FEDERAL MINISTRY OF EDUCATION 463.3958

3.2
MINISTRY OF INTERIOR 2.8 3 564.2227

'- 150.00 300.00 450.00 600.00

▪ Note: Personnel costs including Overhead & pensions account for about 72% of recurrent non-debt
expenditure.
Source: Appropriation Bill
 Minimum Wage
❑ Mr. President has signed the new Minimum Wage Act. Some Provision
was made for its implementation in the 2019 Budget. Provisions retained
by NASS.

❑ A Presidential Technical Advisory Committee (PTAC) was set up to

advise on ways to:
• ensure that the new minimum wage, and attendant wage
adjustments for those already over the Minimum Wage, can be
funded without increasing the level of borrowing
• implement these wage adjustments in such a manner as to
minimize their inflationary impact

❑ A Committee headed by the Vice President is currently reviewing the

PTAC’s recommendations, while the joint negotiations committee has
also been constituted for the consequential adjustments.

33
 Top 12 MDA Capital Expenditure Allocations in the
2019 Budget
Capital Expenditure (N billions)

MINISTRY OF NIGER DELTA AFFAIRS 35.2434

OFFICE OF THE SECRETARY TO THE GOVERNMENT OF THE

37.6363
FEDERATION

FEDERAL MINISTRY OF SCIENCE AND TECHNOLOGY 48.1005

MINISTRY OF INTERIOR 53.6784

FEDERAL MINISTRY OF HEALTH 57.0857

FEDERAL MINISTRY OF EDUCATION 58.6899

FEDERAL MINISTRY OF INDUSTRY, TRADE AND INVESTMENT 63.1121

FEDERAL MINISTRY OF WATER RESOURCES 92.178

FEDERAL MINISTRY OF AGRICULTURE & RURAL DEVELOPMENT 107.2183

MINISTRY OF DEFENCE 159.1254

3.2
FEDERAL MINISTRY OF TRANSPORTATION 2.8 3
179.3843

FEDERAL MINISTRY OF POWER, WORKS & HOUSING 394.9062

'- 100.00 200.00 300.00 400.00 500.00

Source: Appropriation Bill

 Some Projects in the 2019 Budget
❑ Transport
▪ N78.22 billion Counterpart funding for Railway projects including:
▪ Lagos-Kano (Ongoing)
▪ Calabar-Lagos (Ongoing)
▪ Ajaokuta-Itakpe-Aladja (Warri ) (Ongoing)
▪ Port Harcourt- Maiduguri (New)
▪ Kano-Katsina-Jibiya-Maradi In Niger Republic (New)
▪ Abuja-Itakpe and Aladja (Warri)-Warri Port And Refinery
Including Warri New Harbour (New)
▪ Bonny Deep Sea Port & Port Harcourt and other Rail Projects
▪ N941.14 million for construction of Terminal Building at Enugu
Airport

▪ N12 billion for construction of Second Run-Way at Nnamdi Azikiwe

International Airport Abuja

35
 Some Projects in the 2019 Budget …/2
❑ Transport …cont’d
• N23.10 billion for various rehabilitation of railway tracks including
▪ Rehabilitation of track from Port-Harcourt to Makurdi
▪ Maintenance of track (including emergency recovery, bridge and culverts
repair)
▪ Procurement of spare parts (including lubricants) for the locomotives,
coaches and wagons.
▪ Kuru to Maiduguri narrow gauge track rehabilitation project
▪ Track rehabilitation from Makurdi to Jos to Kafanchan to Kaduna junction
▪ Procurement and rehabilitation of locomotives and rolling stock
▪ Procurement of workshop equipment and rolling stocks
▪ Design, manufacture, supply, installation, testing and commissioning of
electric overhead travelling cranes for carriage and wagons workshop
▪ Upgrading of signaling & telecom system on Eastern Line (Port Harcourt,
Maiduguri, etc.) including revised estimated total cost for extension to
Western Line
36
 Some Projects in the 2019 Budget …/3
❑ Power
▪ N869.38 million set aside as fund for the Mambilla Hydro Power
project
▪ N250 million for construction of 215MW LPFO/ Gas Power station
Kaduna
▪ N208.5 million for Kashimbilla transmission
▪ N203.85 million for Fast Power Programme Accelerated Gas and
Solar Power Generation

❑ Housing
▪ N24.97 billion for Federal Government National Housing
Programme

37
 Some Projects in the 2019 Budget …/4
❑ Works
• About N258.41 billion for the construction and rehabilitation of roads in every
geo-political zone of the country, such as:
▪ Counterpart Funding for the Dualization of Makurdi - Enugu Road
▪ Counterpart Funding for the Dualization of Akwanga – Jos - Bauchi - Gombe Road
▪ Reconstruction of the Outstanding Sections of Benin – Ofosu – Ore – Ajebandele - Shagamu
Expressway
▪ Construction of Bodo - Bonny Road
▪ Pavement Strengthening and Asphalt Overlay of Ajebandele - Ijebu Ode - Shagamu Road
▪ Construction of Oju/Loko - Oweto Bridge to link Loko and Oweto
▪ Dualization of Ilorin – Jebba - Mokwa/Bokani Junction Road
▪ Kano - Maiduguri Road (Various Sections)
▪ Abuja - Lokoja Road (Various Sections)
▪ Dualization of Obajana Junction to Benin (Various Sections)
▪ Lagos – Shagamu - Ibadan Dual Carriageway
▪ Early Works for the Construction of 2nd Niger Bridge in Anambra/Delta States
▪ Construction of Kaduna Eastern By-pass
▪ Abuja – Kano Dual Carriageway
▪ Dualization of Odukpani – Itu – Ikot Ekpene Road
38
REHABILITATION of ILORIN-
KABBA-OBAJANA ROAD IN
KWARA/KOGI STATES
C/NO.6212RECONSTRUCTI
ON of NASARAWA -LOKO
ROAD IN NASAWARA STATE
C/NO. 5846DUALISATION of
SAPELE-EWU ROAD:
SECTION I: SAPELE-AGBOR
IN DELTA STATE
C/NO.6249DUALISATION of
SAPELE-EWU ROAD:
SECTION II: AGBOR- EWU IN
DELTA STATE
C/NO.6250RECONSTRUCTI
ON of BIDA-LAMBATA ROAD
IN NIGER
STATEREHABILITATION of
IKORODU SHAGAMU ROAD
IN LAGOS STATE
C/NO.6289AREHABILITATION
of 9TH MILE-OROKAM ROAD
IN ENUGU STATE
CONTRACT NO.6290RE-
Some Projects in the 2019 Budget …/5
CONSTRUCTION of SOKOto-
TAMBUWAL-JEGA-
KONTAGORA-MAKERA
SECTION II IN NIGER STATE
C/NO.6162DESIGN AND
CONSTRUCTION of BRIDGE
ACROSS the CROSS RIVER

❑ Works Cont’d
AT UWANA (EBONY STATE)
to NKOMORO (CROSS
RIVER
STATE)CONSTRUCTION of
ROAD FALALI, BIRNI, BAKO
to FUROJA toWN
(NINGILGA), BAUCHI STATE
PHASE II

• About N258.41 billion for the construction and rehabilitation of several roads
nationwide including:
▪ Construction of Kano Western Bye Pass
▪ Abuja – Abaji
▪ Suleja – Minna Road
▪ Rehabilitation & Expansion of Lagos - Badagry Expressway
▪ Rehabilitation of Vandeikya – Obudu - Obudu Cattle Ranch Road
▪ Rehabilitation of Ilorin – Kabba - Obajana Road In Kwara/Kogi
▪ Reconstruction of Nasarawa - Loko Road
▪ Dualisation of Sapele - Ewu Road (various sections)
▪ Reconstruction of Bida - Lambata Road in Niger State
▪ Rehabilitation of Ikorodu - Shagamu Road
▪ Rehabilitation of 9th Mile - Orokam Road In Enugu State
▪ Re-construction of Sokoto - Tambuwal – Jega – Kontagora - Makera
▪ Design and Construction of Bridge Across the Cross River at Uwana (Ebony State) to
Nkomoro (Cross River State)
▪ Construction of Road Falali, Birni, Bako to Furoja Town (Ningilga), Bauchi State
39
 Some Projects in the 2019 Budget …/6
❑ Health
▪ N51.22 billion Provisioned for the implementation of the National Health Act
▪ N21.25 billion provided for GAVI/Immunization
▪ N1.26 billion for the procurement Of Non Polio SIA Vaccine
▪ N523 million for the procurement Of Kits And Commodities For Community
Health Influencers
▪ N300 million for the establishment Of Chemotherapy centres in UBTH, UITH,
ABUTH, UMTH, OAUTH, UNTH, UPTH, FMC Owerri, FMC Abeokuta
▪ N7.63 billion for procurement of RI vaccines and devices
▪ N3.5 billion for counterpart funding including global fund/health

❑ Water Resources
▪ N548 billion provisioned for the Zobe Water Supply Project - Phase I & II
▪ N618 million for Partnership for Expanded Water, Sanitation and Hygiene
(PEWASH)
▪ N648 million for Special Intervention for North East and IDPs - Potable of
Portable Water
▪ Over N57 billion for water supply, rehabilitation of dams, and irrigation projects
nationwide 40
 Some Projects in the 2019 Budget …/7
❑ Agriculture & Rural Development
▪ N2 billion Support For Infrastructure, Projects and Coordination Services
▪ Over N15.66 billion for Promotion and Development of Value Chain across in
more than 30 different commodities
▪ N2.01 billion for Veterinary and Pest Control Services
▪ N6.90 Billion for Rural Roads And Water Sanitation
▪ N2.27 billion for National Grazing Reserve Development
▪ N1.09 billion for Mechanization
▪ N1.27 billion for Livelihood Improvement Family Enterprise (Life) Programme
▪ N2.01 billion for Food and Strategic Reserves
▪ N2.49 Billion for Agribusiness and Market Development
▪ N2.09 billion for Extension Services
▪ N1.72 billion for Land and Climate Management
▪ N1.03 billion for GES - Delivery Platform, Roll-out and Management
41
 Some Projects in the 2019 Budget …/8
❑ Industry, Trade & Investment
▪ Special Economic Zone Projects
▪ N38.25 billion for ongoing and planned Special Economic Zone Projects across the
geopolitical zones to drive manufacturing/exports.
▪ Construction/Provision of Road for Ikpokri Energy City Project
▪ Completion of Lekki Model Textile and Garment Industrial Park
▪ Provision of Infrastructure at Brass Free Zone, Bayelsa State
▪ Construction of Textile & Garment Park, Lekki
▪ Construction of Special Economic Zone (SEZ) Sokoto
▪ Construction of Special Economic Zone (SEZ), Makurdi
▪ Completion of Consultancy Works On Ebonyi, Edo, Adamawa, Rivers, Bauchi,
Enugu, Gombe, Nnewi, Abuja
▪ FGN investment in Enyimba Industrial Park, and Ibom Deep Sea Port and City
❑ N1 billion for Industrial Policy Reforms and Enabling Business Environment
❑ Export-Expansion Grant (EEG)
▪ N3.03 billion in the form of tax credit to support export via the Export Expansion Grant
❑ Recapitalisation of Bank of Industry (BOI) and Bank of Agriculture (BoA)
▪ N15 billion provisioned to support these development finance institutions to support Micro,
Small and Medium Scale Enterprises (MSMEs)
❑ N7 billion provided as a grant to BOI to subsidize interest rate charged on loans to SMEs. This is
42
intended to make it possible for the Bank to give them single digit interest loans
 Some Projects in the 2019 Budget …/9
❑Education
▪ N3 billion Provision of Security Infrastructure in 104 Colleges
▪ N1.8 billion for Payment of 5000 Federal Teachers Scheme
Allowance
▪ N4.64 billion for various Scholarship allowances

❑Niger Delta
▪ N400 million for the construction and surpervision of Gberegolor -
Ogriagbene Road, Delta State
▪ N800 million for the Construction of Agadagba – Akotogbo – Iyasan
- Ovia River bridge Irele LGA Ondo State
▪ N5.14 billion for various sections of the East-West Road
▪ N500 million for the construction of skills acquisition centres with
resident supervision and furnishing/equipping in nine states of the
Niger Delta Region 43
 Some Projects in the 2019 Budget …/10
❑ Regional Interventions
▪ N65 billion for reintegration of transformed ex-militants under the
Presidential Amnesty Programme.
▪ N45 billion for Federal Initiative for North-East (Pilot Counterpart
funding contribution)
▪ N10 billion as take off grant for the North East Commission
❑ SDGs
▪ N38 billion for SDGs Intervention Programmes/Conditional Grants
▪ N11.3 billion for other SDGs Projects

❑ Special Intervention Programme

▪ N500 billion for FGN Special Intervention Programme (including
Social Housing, Home Grown School Feeding Programme,
Government Economic Empowerment Programme, N-Power Job
Creation Programme, Conditional Cash Transfers, etc)
44
 Conclusion

Public Presentation of the 2019 Enacted Budget 45

 Conclusion
❑ The 2019 Budget of Continuity will further reposition the
economy on the path of higher, inclusive, diversified and
sustainable growth, and contribute to lifting significant numbers
of our citizens out of poverty.
❑ The Budget is another step in the achievement of the objectives
the ERGP, namely Restoring Macroeconomic Stability;
Agriculture and Food Security; Energy Sufficiency (in Power and
Petroleum Products); Transportation Infrastructure; and
Industrialization (focusing on SMEs).
❑ The President will engage with the new leadership of NASS to
address the funding of projects whose allocations were reduced.
❑ Government will continue to create the enabling environment for
the private sector to increase investment so as to increase
productivity, create jobs and stimulate further growth.
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 Conclusion …/2
❑ Already, diversification efforts are yielding positive results; the
contribution of the non-oil sector to GDP increased from 90.4% in
Q1 2018 to 90.9% in Q1 2019.
❑ However, Nigeria faces significant challenges with respect to
revenue generation and this is being tackled vigorously. Key
reforms will be implemented with increased vigour to improve
revenue collection and expenditure management.
❑ Mr. President is committed, and has directed that all measures
necessary be taken to ensure that we grow rapidly while
maintaining fiscal sustainability.
❑ To ensure that this happens, the President set up a Projects and
Programmes Committee which has concluded its work. The
initiatives developed by this committee will be rolled out as the
President enters his second term
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 .

Thank You!

www.budgetoffice.gov.ng
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