President Goodluck Jonathan today signed the 2012 budget into law. Consequently, Nigeria will be spending N4.697 trillion in 2012 as passed by the National Assembly on March 15. It is made up of capital expenditure of N1.34 trillion and recurrent expenditure amounting to N3.357 trillion. In addition to the N4.697trn, the government will spend another N180bn representing gains from the partial removal of fuel subsidy in the SURE programme. The capital expenditure of N1.34 trillion represents 28.5 percent of the aggregate expenditure.