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Nigeria

CABRI member since: 2018
Region: West Africa
Currency: Nigerian Naira (NGN)
Population: 182.2 million
Capital: Abuja
Ministry website: www.finance.gov.ng
Fiscal year: January-December
Regional Economic Community: CEN-SAD, ECOWAS
Key Budget Indicators Over Time
2014 2015 2016 2017 2018
GDP (constant 2010 NGN[billions]) 67,977.46 69,780.69 68,652.43 69,205.69 70,536.35
GDP (current NGN[billions]) 90,136.99 95,177.74 102,575.42 114,899.25 129,086.91
GDP growth (%) 6.31 2.65 -1.62 0.81 1.92
GDP per capita (constant 2010 NGN) 385,348.83 385,237.1 369,178.49 362,574.55 360,109
GDP per capita (current NGN) 510,966.16 525,446.13 551,599.37 601,967.02 659,026.97
Inflation (CPI) (%) 8.05 9.01 15.7 16.5 12.09
General government revenue (% of GDP) 10.94 7.91 5.95 6.61 8.51
General government expenditure (% of GDP) 12.98 11.07 9.97 12.01 12.82
Budget balance (% of GDP) -2.04 -3.17 -4.01 -5.4 -4.31
Primary balance (% of GDP) -1.07 -2.04 -2.73 -4.05 -2.61
General government debt (% of GDP) 17.54 20.33 23.41 25.34 27.66
Population (millions) 176.41 181.14 185.96 190.87 195.88

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