Nigeria’s Fiscal Shift: House of Representatives Approves N43.5 Trillion for 2024 and N48.3 Trillion for 2025 Budgets
The Nigerian government has significantly increased its 2024 and 2025 budget authorizations, signaling a major fiscal shift with a focus on capital investment. The revised 2024 budget sees a 24% increase, heavily weighted toward capital expenditure, while the 2025 budget is actually reduced by 12% from its original proposal, reflecting a strategic recalibration. A critical insight is the dramatic rise in debt service costs, which nearly doubles by 2025, underscoring a growing fiscal burden.








