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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
2013 2014 2015 2016 2017
GDP (constant 2010 NGN[billions]) 63,942.85 67,977.46 69,780.69 68,652.43 69,205.69
GDP (current NGN[billions]) 81,009.97 90,136.99 95,177.74 102,575.42 114,899.25
GDP growth (%) 5.39 6.31 2.65 -1.62 0.81
GDP per capita (constant 2010 NGN) 377,728.83 390,815.04 390,444.92 373,851.04 366,777.47
GDP per capita (current NGN) 478,549.21 518,214.26 532,549.36 558,580.76 608,944.95
Inflation (CPI) (%) 8.5 8.05 9.01 15.7 16.5
General government revenue (% of GDP) 11.05 10.52 7.56 5.54 6.17
General government expenditure (% of GDP) 13.38 12.64 11.07 9.49 11.58
Budget balance (% of GDP) -2.33 -2.12 -3.51 -3.95 -5.41
Primary balance (% of GDP) -1.34 -1.15 -2.38 -2.67 -4.06
General government debt (% of GDP) 18.59 17.54 20.33 23.41 25.34

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