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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)

Government Budget Value
                     Nigeria - Historical Data (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)

Government Spending
                     Nigeria - Historical Data (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)

Government Revenues
                     Nigeria - Historical Data (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 (%)

Government Budget to GDP
                     Nigeria - Historical Data (%)

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 20 -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