Nigerian govt spending in 2023 exceeded revenue by 225% – BudgIT

Nigerian govt spending in 2023 exceeded revenue by 225% – BudgIT …C0NTINUE READING HERE >>>

BudgIT, a tech-civic and social accountability organization, has said that the Nigerian Federal Government spent 225 percent more than its revenue for the 2023 fiscal year.

BudgIT analysis of the 2023 fiscal accounts from the Office of the Accountant-General of the Federation showed that the government spent three times its revenue in 2023, resulting in a deficit of N13.50 trillion.

It stated that the government’s revenue last year stood at N5.99 trillion while it spent N19.50 trillion,…

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