Dear All,
Recently, President Muhammadu Buhari presented what would be the last budget of the current administration in Nigeria’s capital city, Abuja. Dubbed the “Budget of Fiscal Sustainability and Transition”, the 2023 Federal Government of Nigeria (FGN) Budget has a total planned expenditure of NGN20.51trn. In coming up with the budget, a couple of assumptions were made, which raised some questions about whether the overall budget is achievable. In this note, we briefly review the implementation of the 2022 budget so far, dimension the 2023 budget, and evaluate the underlying assumptions of the 2023 budget.
Kindly find attached the full report.
Critiquing the Assumptions Underlying the 2023 FGN Budget_Oct2022
