The Federal Government of Nigeria has projected a fiscal deficit of N13.08 trillion in 2025, an increase from the estimated N9.18 trillion for 2024 and one of the largest on record.
Nigeria's Debt Management Office (DMO) reports that the federal government's Promissory Notes debt surged to N1.65 trillion as of June 2024, marking a 6.5% increase from March 2024.
Moody's Ratings has projected a significant increase in Nigeria's interest spending, estimating a rise of 1% of the Gross Domestic Product (GDP) in 2024.
It suffices to start this piece by stating unequivocally that the ‘new dept’ of Nigeria’s economic woes is...
The Tinubu administration is targeting a combined fiscal deficit of N30.6 trillion between 2024, 2025, and 2026, according to the information contained in the government’s medium-term expenditure framework (MTEF).
The Minister noted that huge subsidies had overburdened government finances and pushed fiscal deficit to as much as N3.09trn between January and April this year.
The Federal Government of Nigeria (FGN) reported a record-breaking fiscal deficit of N7.3 trillion in 2021.
Reports from the Addendum to the 2020-2022 MTEF/FSP reveal that the revised fiscal deficit is estimated at N4.58 trillion from N1.85 trillion
Nigeria’s budget deficit is expected to rise to 2.59 trillion in 2019 according to the Federal Government’s Medium...
