ArticleFG Spends 35% of 2024 Budget on Debt Servicing, Records N13.51tr Fiscal Deficit — Budget Office Report
Nigeria’s Federal Government spent N12.36 trillion servicing debts in 2024 — 35.26% of the total national budget and 52.71% above its target — according to the Fourth Quarter 2024 Budget Implementation Report from the Budget Office of the Federation. The report also revealed a fiscal deficit of N13.51 trillion, exceeding projections by nearly 47%.
