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

Nigeria’s budget has surged from ₦4.43 trillion in 2010 to an approved ₦54.99 trillion for 2025, marking a historic 91% year-on-year increase.

This growth reflects significant investments in infrastructure and public services, with ₦23.963 trillion earmarked for capital projects and ₦13.64 trillion for recurrent expenditure in 2025.

However, concerns about ₦14.317 trillion allocated for debt servicing, with an estimated deficit of ₦13.08 trillion remain significant.

Source:

Budget office of the Federation, News sources

Period:

2010-2025
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