FG spending exceeds revenue by 225% — BudgIT

A report by BudgIT, an accountability firm, has revealed that the Federal Government spent three times its revenue in 2023, resulting in a deficit of N13.50tn. In its analysis of the 2023 fiscal accounts from the Office of the Accountant-General of the Federation, BudgIT stated that the government’s revenue last year was N5.99tn, while it