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![FinPlanKaluAja1 Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1160599200284860416.png) Kalu Aja [@FinPlanKaluAja1](/creator/twitter/FinPlanKaluAja1) on x 317K followers
Created: 2025-07-16 07:04:21 UTC

Nigeria just hit 1.5mbpd oil output, which funds the federation

The 2025 budget projection is 2.06mbpd 
The 2024 budget projection is 1.78mbpd

Nigeria will run the 2025 budget plus the capital budget of 2024 in 2025—yes, two budgets—yet it has not hit the oil output target in either year.

This means the budget deficit will stay elevated as the government borrows to fund its priorities

Buckle up


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**Related Topics**
[government spending](/topic/government-spending)
[budgeting](/topic/budgeting)
[nigeria](/topic/nigeria)
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