Debt Management Office (DMO) Nigeria received a whopping 92.23% of the $15.5tn allocation for the Federal Ministry of Finance’s MDAs

  • The Debt Management Office (DMO) Nigeria took the lion’s share, with ₦14.3 trillion (92.23%) of the Ministry of Finance's total allocation.
  • The Nigerian Bulk Electricity Trading Plc. received ₦858.7 billion (5.53%), making it the second-highest allocation.
  • The Federal Ministry of Finance (Headquarters) got ₦289.4 billion (1.86%).
  • The Office of the Accountant General of the Federation was allocated ₦50.7 billion (0.33%).
  • The figures reveal how debt servicing priorities overshadow operational and policy-related financial allocations.

Nigeria’s 2025 budget highlights the overwhelming share of resources dedicated to managing the country’s debt obligations.

Out of ₦15.5 trillion, a staggering ₦14.3 trillion (92.23%) went to the Debt Management Office (DMO), leaving less than 8% for all other agencies combined.

This dominance underscores the enormous fiscal weight of Nigeria’s debt obligations, signalling how much of the nation’s financial planning revolves around managing and servicing debt rather than direct developmental spending.

Source:

Budget Office of the Federation, Nigeria

Period:

2025
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The National Institute for Hospitality and Tourism received ₦8 billion, three times the budget of the Nigerian Tourism Development Corporation
  • The Ministry of Art, Culture, Tourism and the Creative Economy allocated a total of ₦10.5 billion to its MDAs for the 2025 fiscal year.
  • The National Institute for Hospitality and Tourism (NIHOTOUR) received ₦8 billion, the largest allocation.
  • NIHOTOUR's allocation accounts for 75.5% of the ministry’s total budget for 2025.
  • The Nigerian Tourism Development Corporation received ₦2.6 billion, representing 24.5% of the total allocation.
  • NIHOTOUR’s budget is more than three times the allocation given to NTDC.
The Nigeria Immigration Service was allocated the largest share of the Ministry of Interior's budget (₦618.7 billion), accounting for a dominant 55.8%
  • The Nigeria Immigration Service received the highest share — ₦618.7 billion (55.8%) — of the Interior Ministry’s 2025 budget.
  • This allocation emphasises border security and migration management as national priorities.
  • The NSCDC follows with ₦240.9 billion (21.7%), highlighting the government’s focus on civil protection and internal security.
  • The Nigeria Correctional Service received ₦184.6 billion (16.7%).
  • Other agencies, including the ministry headquarters, received ₦64.5 billion (5.8%).
The National Commission for Museums and Monuments received the largest allocation (₦15 billion) among the ministry’s MDAs
  • The Federal Ministry of Arts, Culture, and Creative Economy received a total of ₦71.7 billion in the 2025 budget.
  • The National Commission for Museums and Monuments got the highest allocation of ₦15 billion.
  • Visual and film industries received notable funding of ₦10.1 billion for the National Gallery of Art and ₦8.4 billion for the Nigerian Film Corporation.
  • The National Council of Arts and Culture was allocated ₦7 billion.
  • The National Film and Video Censors Board received ₦4.4 billion, emphasising regulation and content oversight.
  • Institutions like the Centre for Black and African Arts and Civilisation, which promotes African identity, received ₦3.5 billion.
Three US missions rank among the top five most expensive of Nigeria's foreign missions, receiving a combined ₦21.9 billion in 2025's budget
  • ₦310.6 billion is the total allocation for Nigeria’s 110 foreign missions in 2025.
  • The New York (Permanent Mission) received the highest allocation at ₦9 billion.
  • Three US missions (New York PM, Washington, and New York CG) together account for ₦21.9 billion.
  • London (₦7.2 billion) and Geneva (₦6.6 billion) complete the top five highest allocations.
  • European cities such as Paris, Madrid, Berlin, and Berne remain strong diplomatic priorities, collectively drawing over ₦20 billion.
Three agencies were allocated a combined ₦67.2 billion, 62% of the Information Ministry’s 2025 budget
  • The Federal Ministry of Information and National Orientation received a total of ₦108.3 billion in the 2025 budget.
  • The National Orientation Agency (₦24.4 billion), FRCN (₦21.5 billion), and NTA (₦21.3 billion) account for over 60% of the total allocation.
  • The National Institute for Cultural Orientation was allocated ₦11.8 billion.
  • Regulatory bodies like ARCON (₦3.8 billion), the Nigerian Press Council (₦3.2 billion), and NBC (₦2.4 billion) received the smallest allocations, suggesting limited funding for oversight functions.
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Nigeria’s national budget has grown to ₦54.99t in 2025 – a 91% Increase from 2024
  • The 2025 approved budget is nearly ₦55 trillion, marking a dramatic increase compared to previous years.
  • From 2020 onwards, the budget has seen a rapid upward trend.
  • Nigeria's national budget has consistently grown over the years, with notable jumps in 2016, 2021, and 2025.
  • The most significant year-on-year increase occurred from 2024 to 2025, with a 91% rise.
  • Since 2010, the budget has only decreased in four years (2012, 2014, 2015, and 2019), highlighting a generally upward trend in government spending
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