Investor Presentaiton
4.0
An Appraisal of the FGN Budget
4.1 FGN Budget: Revenue
FISCAL ITEMS
Budget Oil Production Volume Net Incremental Oil Prodution for
2017 Budget
2018 Budget 2019 Budget
2.20
2.30
2.30
Repayment Arrears (mbpd)
Projected Budget Benchmark Price (US$ per barrel)
44.5
51.0
60
a
b
Share of Dividend (NLNG)
C
Share of Minerals & Mining
d
Share of Non-Oil
Average Exchange Rate (N/US$)
AMOUNT AVAILABLE FOR FGN BUDGET
Share of Oil Revenue
305
305.0
5,084.40
7,165.87
305.0
6,998.49
2,122.18
2,998.86
3,688.28
29.59
1.06
31.25
39.89
1,373.21
1.17
1,384.93
1.29
1,409.19
Share of CIT
807.82
794.69
813.37
Share of VAT
241.92
207.51
229.34
Share of Customs
277.56
324.86
310.87
Share of Federation Acct. Levies
45.90
57.87
55.62
e
Revenue from GOES (Top 9 excluding NNPC)
0.00
955.36
f
Independent Revenue
807.57
847.95
631.08
g
FGN's Share of Actual Bal. in Special Accts
6.64
0.00
8.33
h
FGN's Balances in Special Levies Accounts
14.79
27.21
12.91
i
FGN's Unspent Bal. of previous Fiscal Year
50.00
250.00
0.00
j
FGN's Share of Tax Amnesty Income (VAIDS)
87.84
0.00
k
FGN's Share of Signature Bonus
114.30
114.30
84.23
1
Domestic Recoveries + Assets + Fines
261.90
374.00
203.38
m
Other FGN Recoveries
205.56
138.44
0.00
n
Earmarked Funds (Proceeds of Oil Assets Ownership Restructuring)
710.00
710.00
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