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2020 Budget Implementation Analysis
In 2020, the Federal Government projected total revenue of N5.37tn; however, the actual total revenue eventually stood at N3.42tn. This represents a 63.71% revenue performance. Debt servicing wiped off 97% (N3.34tn) of FG's total revenue (N3.42tn) in 2020. Total expenditure stood at N10.01tn. This means nearly all of the federal government's salaries, overhead, and capital expenditure were financed with loans and CBN support. See more details in the 2020 Budget Implementation Analysis
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