Nigeria’s federal budget deficit rises to N4.53 trillion in the second quarter of 2024, up from N3.88 trillion in the first quarter, according to the latest economic report from the Central Bank of Nigeria (CBN). A fiscal deficit occurs when the government’s expenditures exceed its revenues from taxes and other sources. To bridge this gap, … Continue reading Nigeria’s Budget Deficit Reaches N4.53 Trillion In Q2 2024 Amid Low Revenue Growth