Below are the facts and figures in the proposed 2012 budget proposals as presented by President Goodluck Jonathan to a joint session of the National Assembly as captured by our reporter Henry Umoru.

*Estimated oil production of 2.48 million barrels per day (mbpd)

*Benchmark oil price of US$70/barrel

*Exchange rate of NGN155/US$;

*Projected GDP growth rate of 7.2%; and

*Projected inflation rate of 9.5%.

*The  sum of  N4.749 trillion is appropriated for 2012,  an increase of 6% over 2011 budget.

*The aggregate expenditure comprises N398 billion for Statutory Transfers,

*N560 billion for Debt Service

*N2.472 trillion for Recurrent (Non-Debt) Expenditure.

*Recurrent Expenditure -N2.472trillion for Recurrent (Non-Debt) Expenditure

*Capital Expenditure- N1.32 trillion representing a 15% increase

ALLOCATION TO CRITICAL SECTORS OF THE ECONOMY

SECURITY- N921.91 billion;

POWER -161.42 billion; Works – N180.8 billion;

EDUCATION [excluding Universal Basic Education Commission, Petroleum Technology Development Trust Fund (PTDF) & Education Trust Fund] – N400.15 billion;

HEALTH  – N282.77 billion

AGRICULTURE AND RURAL DEVELOPMENT – N78.98 billion.

WATER RESOURCES – N39 billion

PETROLEUM RESOURCES – N59.66 billion

AVIATION – N49.23 billion

TRANSPORT – N54.83 billion

LANDS AND HOUSING – N26.49 billion

SCIENCE AND TECHNOLOGY- N30.84 billion

NIGER DELTA – N59.72 billion

FEDERAL CAPITAL TERRITORY ADMINISTRATION – N45.57 billion

COMMUNICATIONS TECHNOLOGY – N18.31 billion.