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The proposed 2022 budget figure of N16.39 trillion is N2.41 trillion more than the projected budget for the 2022 fiscal year. And it is only N381.19 billion less than the projected aggregate budget expenditure of the 2024 fiscal year of N16.77 trillion.
Nigeria’s 36 states (except the FCT) will spend N11 trillion in the 2023 fiscal year. This represents budgets approved by the 36 states’ legislative houses.
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The 2022 budget that was approved has a total aggregate expenditure of N17.13 trillion. This is a 4.51% increase in aggregate expenditure over the proposed budget of N16.39 trillion.
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The proposed 2022 budget figure of N16.39 trillion is N2.41 trillion more than the projected budget for the 2022 fiscal year. And it is only N381.19 billion less than the projected aggregate budget expenditure of the 2024 fiscal year of N16.77 trillion.
Key Changes in the Proposed vs. Approved Budget
Key Changes in the Proposed vs. Approved Budget (Recurrent (Non-Debt Expenditure)
Key Changes in the Proposed vs. Approved Budget (Difference)
About N5 billion will go to service major construction works in the nation’s health sector in the 2020 proposed budget, but development experts, working around accountability process in public budgeting, worry that this may come to waste because the projects that are nominated are not captured in the vision of the Ministry of Health, the regulatory institution for health development in the country.
