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Nigeria Government Budget: Revenues and Spending

Nigeria Government Budget Data

Indicator Data Period
Government Budget Value -1618 NGN Million | -0.004 B USD 1Q/22
Government Spending 1173404 NGN Million | 2.714 B USD 4Q/21
Government Revenues 1143 NGN Billion | 2.643 B USD 1Q/22
Government Budget to GDP -4.7 % 2021


Latest data on Government Budget Value (NGN Million)

Government Budget Value
                     Nigeria - Historical Data (NGN Million)

How much is Nigeria Government Budget?

  • The deficit of government budget in Nigeria remained unchanged at 1618 NGN Million (0.004 B USD) in the first quarter of 2022. The maximum surplus was 38.36 NGN Million and deficit was -1664 NGN Million.
  • Data published Quarterly by Central Bank.

Historical Data (NGN Million) by years

Data
Period
Date
-1618 1Q/22 23.09.2022
-2039 3Q/21 11.04.2022
-1484 4Q/20 26.03.2021
-1289 3Q/20 20.12.2020
-1463 1Q/20 01.11.2020
-1136 4Q/19 18.02.2020
-380 3Q/19 11.11.2019
-398.22 1Q/19 17.06.2019


Historical Chart by presidents (NGN Million)

Government Budget Value in Nigeria by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End
Muhammadu Buhari 29.05.2015 - -680.8300 -2007.7200 3.2200 -2007.7200 194.89%


Latest data on Government Spending (NGN Million)

Government Spending
                     Nigeria - Historical Data (NGN Million)

What is current Nigeria Government Spending?

  • Government Spending in Nigeria increased to 1173404 NGN Million (2.714 B USD) in the forth quarter of 2021. The maximum volume was 2339713 NGN Million and minimum was 609792 NGN Million
  • Data published Quarterly by National Bureau of Statistics.

Historical Data (NGN Million) by years

Data
Period
Date
1173404 4Q/21 14.05.2022
1070299 2Q/21 18.01.2022
1409721 4Q/20 17.04.2021
2339713 2Q/20 05.12.2020
1082949 4Q/19 12.05.2020
929917 1Q/19 29.10.2019
842195.5 2Q/18 27.04.2019
795880.312 4Q/17 07.08.2018


Historical Chart by presidents (NGN Million)

Government Spending in Nigeria by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End
Muhammadu Buhari 29.05.2015 - 720290.0000 804097.3800 804097.3800 720290.0000 11.64%


Latest data on Government Revenues (NGN Billion)

Government Revenues
                     Nigeria - Historical Data (NGN Billion)

How much is Nigeria Government Revenue?

  • Government Revenues in Nigeria increased to 1143 NGN Billion (2.643 B USD) in the first quarter of 2022. The maximum volume was 1481 NGN Billion and minimum was 499 NGN Billion
  • Data published Quarterly by Central Bank.

Historical Data (NGN Billion) by years

Data
Period
Date
1143 1Q/22 19.09.2022
1114 3Q/21 11.04.2022
904 4Q/20 26.03.2021
842 3Q/20 20.12.2020
865 1Q/20 01.11.2020
939 4Q/19 18.02.2020
1027 3Q/19 11.11.2019
798.82 1Q/19 17.06.2019


Historical Chart by presidents (NGN Billion)

Government Revenues in Nigeria by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End
Muhammadu Buhari 29.05.2015 - 1096.9000 1096.9000 1096.9000 1096.9000 0.00%


Latest data on Government Budget to GDP (%)

Government Budget to GDP
                     Nigeria - Historical Data (%)

What is the deficit of Nigeria Government Budget?

  • The deficit of Current Account to GDP in Nigeria decreased to 4.7 % in 2021. The maximum surplus was 0.8 % and deficit was -6 %.
  • Data published Yearly by Central Bank.

Historical Data (%) by years

Data
Period
Date
-4.7 2021 08.04.2022
-3.8 2020 15.02.2021
-3.4 2019 16.07.2020
-2.8 2018 29.10.2019
-5.1 2017 04.07.2019


Historical Chart by presidents (%)

Government Budget to GDP in Nigeria by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End

Other budget indicators in Nigeria

Index Updated Actual Previous
Government Debt to GDP 2021 37 % 34.5
Fiscal Expenditure  1Q/22 6.385 B USD 6.591
Military Expenditure 2020 2.403 B USD 1.86

Government Budget to GDP in other countries

Country Updated Actual Previous
Kenya 2021 -8.1 % -7.8
Madagascar 2021 -5.4 % -4
Zimbabwe 2020 -1.5 % -4
Tanzania 2020 -2.6 % -1.4
Togo 2021 -6 % -7
Tunisia 2020 -11.4 % -3.5
Nigeria 2021 -4.7 % -4
Sudan 2021 -4.5 % -5.6
Morocco 2021 -5.9 % -7.6
Senegal 2021 -5.9 % -6.4
Seychelles 2021 -3 % -19.1
South Africa 2021 -5.7 % -10
Uganda 2021 -7.3 % -6.6
Rwanda 2021 -8.5 % -8.3
Liberia 2021 -3.3 % -3.6
Zambia 2021 -9 % -11
Mozambique 2021 -4.8 % -7.9
Namibia 2021 -8.7 % -8
Ghana 2021 -12.1 % -13.8
Swaziland 2020 -4.6 % -5.4
Libya 2021 13.8 % -54.5
Algeria 2021 -8 % -9.7
Angola 2021 -2.3 % -4
Benin 2021 -6.1 % -4.7
Botswana 2021 -5.1 % -5.6
Burkina Faso 2021 -5.6 % -5.4
Burundi 2021 -4.5 % -8.8
Central African Republic 2021 -5.7 % -3.5
Chad 2021 -0.2 % -0.4
Comoros 2021 -2.9 % -2.2
Republic of the Congo 2021 1.4 % -1.7
Djibouti 2021 -1.8 % -2.1
Equatorial Guinea 2021 -1 % -1.7
Eritrea 2021 -4 % -4.4
Ethiopia 2021 -2.7 % -4
Gabon 2021 2.3 % -3
Gambia 2021 -4 % -2.2
Guatemala 2020 -4.9 % -2.3
Guinea 2021 -2.3 % -2.9
Guinea Bissau 2021 -5.6 % -9.8
Lesotho 2021 -5.8 % -3.8
Malawi 2021 -8.3 % -5.7
Mali 2021 -4.7 % -6.1
Mauritania 2021 -0.4 % 2.3
Niger 2021 -5.2 % -5.7
Sao Tome and Principe 2021 -1.5 % -4.9
Sierra Leone 2021 -7.1 % -5.6