Nigerian Forum

I don't know what is our annual budget on the defence system.Do any one of you know ?

Not sure.

As per my information,it was 1.6% of the Total GDP of the country.

Faidah is right !

Its aprrox 1.6% of the national GDP.

I had found this information from website http://answers.google.com/answers/threa ... 17678.html

The overall budget was N1,064,801,253,520 (one trillion, sixty-four
billion, eight hundred and one million, two hundred and fifty
thousand, five hundred and twenty naira)

Of this, the legislature reserved N587,096,146,413 (five hundred and
seventy-eight billion, ninety-six million, one hundred and forty-six
thousand, four hundred and thirteen naira) for recurrent expenditure,
including N134 billion for domestic debt servicing, while
N486,705,107,107 (four hundred and eighty-six billion, seven hundred
and five million, one hundred and seven thousand, one hundred and
seven naira) was for capital expenditure."

Other major expenditures included:

Water Resources (N72,573,464,000)

Works and Housing (N71,400,000,000)

Power and Steel (N6,442,500,000)

FCT (N46,265,597,000)

Education (N22,10,000,000)

Health (N19,774,453,900)

Transport (N17,444,426,600),

Defense (N14,500,000,000)

Sports (including the Abuja stadium) (N14,033,401,000)

Agriculture (N12,603,419,000)

INEC (N10,000,000,000).

Defense Budget: In 2004 Nigeria’s military budget was about US$737.6 million, ... Nigeria’s paramilitary forces, including the port security police

With the post-1989 changes, the defence budget was cut by forty per cent between ... mention of the importance of the Nigerian drug threat in recent years