Nigeria recorded a Government Budget deficit equal to 3.87 percent of the country's Gross Domestic Product in 2025. Government Budget in Nigeria averaged -2.67 percent of GDP from 1981 until 2025, reaching an all time high of 0.80 percent of GDP in 1996 and a record low of -8.60 percent of GDP in 1993. source: Central Bank of Nigeria

Government Budget in Nigeria is expected to reach -4.30 percent of GDP by the end of 2026, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria Government Budget is projected to trend around -4.30 percent of GDP in 2027 and -3.50 percent of GDP in 2028, according to our econometric models.



Related Last Previous Unit Reference
Fiscal Expenditure 5939.63 6799.39 NGN Billion Dec 2024
Government Budget -3.87 -3.88 percent of GDP Dec 2025
Government Budget Value -2625.15 -4448.54 NGN Billion Dec 2024
Federal Government Revenues 11925.57 8307.04 NGN Billion Sep 2025


Nigeria Government Budget
The Government Budget to GDP ratio is an itemized accounting of the payments received by the government (taxes and other fees) and the payments made by the government (purchases and transfer payments) relative to GDP. A budget deficit occurs when a government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.
Actual Previous Highest Lowest Dates Unit Frequency
-3.87 -3.88 0.80 -8.60 1981 - 2025 percent of GDP Yearly
NSA