The federal government’s fiscal deficit grew to N22.37 trillion in the first 18 months of President Bola Tinubu’s administration (July 2023–December 2024). This marks a 74.6 percent increase from the N12.81 trillion deficit recorded between July 2022 and December 2023(under Muhammadu Buhari’s administration), according to new data from the Central Bank of Nigeria (CBN). A fiscal deficit occurs when government expenditure exceeds its revenue. Experts warn that high deficits can limit investment in capital projects and human development, ke
The federal government’s fiscal deficit grew to N22.37 trillion in the first 18 months of President Bola Tinubu’s administration (July 2023–December 2024). This marks a 74.6 percent increase from the N12.81 trillion deficit recorded between July 2022 and December 2023(under Muhammadu Buhari’s administration), according to new data from the Central Bank of Nigeria (CBN). A fiscal deficit occurs when government expenditure exceeds its revenue. Experts warn that high deficits can limit investment in capital projects and human development, ke