Nigeria Government Budget: Revenues and Spending
Nigeria Government Budget Data
| Indicator | Data | Period |
|---|---|---|
| Government Budget Value | -1431 NGN Million | -0.002 B USD | 1Q/23 |
| Government Spending | 1011789 NGN Million | 1.325 B USD | 4Q/22 |
| Government Revenues | 1342 NGN Billion | 1.758 B USD | 1Q/23 |
| Government Budget to GDP | -5 % | 2022 |
Latest data on Government Budget Value (NGN Million)
How much is Nigeria Government Budget?
- The deficit of government budget in Nigeria remained unchanged at 1431 NGN Million (0.002 B USD) in the first quarter of 2023. 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
| -1431 | 1Q/23 | 14.09.2023 |
| -766 | 4Q/22 | 23.05.2023 |
| -1192 | 3Q/22 | 30.12.2022 |
| -2740 | 2Q/22 | 21.11.2022 |
| -1618 | 1Q/22 | 23.09.2022 |
| -2039 | 3Q/21 | 11.04.2022 |
| -1484 | 4Q/20 | 26.03.2021 |
| -1289 | 3Q/20 | 20.12.2020 |
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)
What is current Nigeria Government Spending?
- Government Spending in Nigeria decreased to 1011789 NGN Million (1.325 B USD) in the forth quarter of 2022. 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
| 1011789 | 4Q/22 | 03.06.2023 |
| 931227 | 2Q/22 | 19.11.2022 |
| 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 |
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)
How much is Nigeria Government Revenue?
- Government Revenues in Nigeria decreased to 1342 NGN Billion (1.758 B USD) in the first quarter of 2023. 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
| 1342 | 1Q/23 | 14.09.2023 |
| 1503 | 4Q/22 | 23.05.2023 |
| 1227 | 3Q/22 | 30.12.2022 |
| 1052 | 2Q/22 | 21.11.2022 |
| 1143 | 1Q/22 | 19.09.2022 |
| 1114 | 3Q/21 | 11.04.2022 |
| 904 | 4Q/20 | 26.03.2021 |
| 842 | 3Q/20 | 20.12.2020 |
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 (%)
What is the deficit of Nigeria Government Budget?
- The deficit of Current Account to GDP in Nigeria increased to 5 % in 2022. The maximum surplus was 0.8 % and deficit was -6 %.
- Data published Yearly by Central Bank.
Historical Data (%) by years
Data
Period
Date
| -5 | 2022 | 26.06.2023 |
| -5 | 2023 | 19.06.2023 |
| -4.1 | 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 | 2022 | 38 % | 36.5 |
| Fiscal Expenditure | 1Q/23 | 3.632 B USD | 3.679 |
| Military Expenditure | 2022 | 3.109 B USD | 4.466 |
Government Budget to GDP in other countries
| Country | Updated | Actual | Previous |
| Kenya | 2022 | -6.5 % | -8.1 |
| Madagascar | 2021 | -3.2 % | -3.5 |
| Zimbabwe | 2022 | -0.9 % | -1.7 |
| Tanzania | 2022 | -4 % | -4 |
| Togo | 2022 | -8.4 % | -4.7 |
| Tunisia | 2022 | -7.7 % | -7.6 |
| Nigeria | 2022 | -5 % | -6 |
| Sudan | 2022 | -1.5 % | -4.7 |
| Morocco | 2022 | -5.3 % | -5.9 |
| Senegal | 2022 | -6.1 % | -5.9 |
| Seychelles | 2022 | -1.7 % | -6 |
| South Africa | 2022 | -4.2 % | -5.7 |
| Uganda | 2022 | -5.3 % | -7.4 |
| Rwanda | 2021 | -7.9 % | -8.3 |
| Liberia | 2022 | -6.9 % | -3.3 |
| Zambia | 2022 | -7.8 % | -9 |
| Mozambique | 2022 | -3.7 % | -4.8 |
| Namibia | 2022 | -5.2 % | -8 |
| Ghana | 2022 | -11.8 % | -12.1 |
| Swaziland | 2022 | -5.4 % | -2.8 |
| Libya | 2022 | 3.1 % | 11.3 |
| Algeria | 2022 | -0.2 % | -7.2 |
| Angola | 2022 | 2.7 % | 3.8 |
| Benin | 2022 | -5.5 % | -5.7 |
| Botswana | 2022 | -3.2 % | -5.1 |
| Burkina Faso | 2022 | -8.5 % | -6.3 |
| Burundi | 2022 | -8.5 % | -6 |
| Central African Republic | 2022 | -4.6 % | -6.3 |
| Chad | 2021 | -0.2 % | -0.4 |
| Comoros | 2022 | -3 % | -3.1 |
| Republic of the Congo | 2022 | 6.5 % | 1.5 |
| Djibouti | 2022 | -1.4 % | -2.7 |
| Equatorial Guinea | 2022 | 4.8 % | 2.6 |
| Eritrea | 2022 | -2.2 % | -4.1 |
| Ethiopia | 2022 | -4.2 % | -2.8 |
| Gabon | 2022 | 0.8 % | -1.1 |
| Gambia | 2022 | -4.8 % | -4.6 |
| Guatemala | 2022 | -1.7 % | -1.2 |
| Guinea | 2022 | -1.3 % | -2.3 |
| Guinea Bissau | 2022 | -5.5 % | -5.6 |
| Lesotho | 2022 | -4.6 % | -5.8 |
| Malawi | 2022 | -6.8 % | -5.3 |
| Mali | 2022 | -4.4 % | -4.7 |
| Mauritania | 2022 | -1.3 % | 2.7 |
| Niger | 2022 | -6.6 % | -6.1 |
| Sao Tome and Principe | 2022 | -7.2 % | -5.9 |
| Sierra Leone | 2022 | -4.8 % | -7.1 |
