Doubts Loom Over Nigeria's N43.56 Trillion Budget Amid Poor Performance
The Nigerian 2024/2025 budgets totaling N43.56 trillion face skepticism due to inadequate cash flow, impairments, and doubts over feasibility. Despite a proposed N58.46 trillion 2026 budget, the 2024/2025 budgets underperformed.
Notably, only 17% of the 2025 capital budget was released by the third quarter. The fiscal deficit stood at N9.18 trillion, leading to increased domestic borrowing and a rising debt-to-GDP ratio.
Concerns persist over spending amid poor budget performance. Key figures like Tinubu and various government entities are involved in the budget processes.
Plus234Feed summary based on reporting from Daily Trust. Read the original report below.
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