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.