The federal authorities’s fiscal deficit grew to N22.37 trillion within the first 18 months of President Bola Tinubu’s administration (July 2023–December 2024).
This marks a 74.6 p.c improve from the N12.81 trillion deficit recorded between July 2022 and December 2023(below Muhammadu Buhari’s administration), in response to new knowledge from the Central Financial institution of Nigeria (CBN).
A fiscal deficit happens when authorities expenditure exceeds its income. Consultants warn that top deficits can restrict funding in capital tasks and human growth, ke
The federal authorities’s fiscal deficit grew to N22.37 trillion within the first 18 months of President Bola Tinubu’s administration (July 2023–December 2024).
This marks a 74.6 p.c improve from the N12.81 trillion deficit recorded between July 2022 and December 2023(below Muhammadu Buhari’s administration), in response to new knowledge from the Central Financial institution of Nigeria (CBN).
A fiscal deficit happens when authorities expenditure exceeds its income. Consultants warn that top deficits can restrict funding in capital tasks and human growth, ke