The Federal Government of Nigeria plans to spend N252 billion (over half a billion US dollars) on various intervention funds.
This is contained in the breakdown of the signed 2022 Appropriation bill which is the legal document backing this year’s budget. Nigeria has earmarked a total of N17.2 trillion as Budgeted expenditure for 2022, the highest on record in Nigeria’s history.
Intervention funds are part of the Federal Governments stimulus programmes aimed at supporting small businesses, funding targeted capital projects and reducing poverty. The amounts were classified under capital projects.