Nigeria’s Fiscal Deficit Hits 7.6% of GDP, Surpassing 3.8% 2024 Target

Nigeria’s fiscal deficit has grown to alarming levels, reaching 7.6% of GDP as of August 2024, far surpassing the approved target of 3.8% for the year, according to recent statements from members of the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC). The MPC members attributed the widening deficit to a combination of sluggish [...]The post Nigeria’s Fiscal Deficit Hits 7.6% of GDP, Surpassing 3.8% 2024 Target appeared first on Tekedia.

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