The 2024 budget of ₦54.99 trillion was the largest in Nigerian history. Debt service alone (~₦8.27 trillion) exceeded the total capital budget. The supplementary budget signed in mid-2024 raised the envelope further.
Budget2024· ₦54.99 trillion
Appropriation Act, 2024
₦54.99 trillion budgeted. Debt service projected to exceed ₦8 trillion. The fiscal envelope is now larger than total federal revenue.
Sources
- · Appropriation Act 2024 (as amended)
- · Budget Office of the Federation
Methodology
Tier 1 · primary
Courts. Gazettes. National archives.
Tier 2 · corroborating
OCCRP. HRW. BudgIT. TheCable.
Redline
Wikipedia is never a source.