Budget

Original appropriation

₦28.8tn

Supplementary

+₦14.8tn+51.4%

Released

₦34.5tn

Unspent balance

₦9.1tn

Projected revenue

₦25.9tn

Deficit

₦9.2tn

Debt service

₦8.3tn

Statutory transfers

₦1.7tn

Recurrent (non-debt)

₦11.3tn

Capital

₦13.8tn

Oil benchmark

$77.96 / barrel

Oil production

1.78 million b/d

Exchange rate

₦800 / $

Signed 1 Jan 2024: N28.78tn per the project brief (press reports round to N28.7tn; the exact naira total was not read from the Budget Office documents). N6.2tn amendment raised it to N35,055.54bn (Budget Office Q4 2024 BIR: "2024 Amended Budget"), passed by the NASS in July 2024. On 23 Dec 2025 the NASS passed the 2024 Appropriation (Repeal and Re-Enactment) Bill at N43.561tn (press; assent date not found). totalRevised = N43.561tn as passed. totalSpent = actual aggregate FGN expenditure N34,494.25bn per Budget Office Q4 2024 BIR (budget column there: N35,055.54bn). Highlights are the amended N35.05tn budget per that BIR. Capital line spent = capital funds released/cash-backed to MDAs as at 30 Jun 2025 per OAGF (BIR Appendix 1); the 2024 capital budget was extended to Dec 2025. The Act PDF is a scan (vector text); per-head figures were read by OCR and kept only where personnel+overhead+capital equals the printed total (flagged otherwise). Communications, Niger Delta, Livestock and the National Assembly, judiciary and INEC heads are not in the parsed Act sections.

Published 1 January 2024 · 138 line items

Year on year