Nigeria Consolidated Fiscal Balance

2005 - 2024 | Quarterly | USD mn | CEIC Data

Key information about Nigeria Consolidated Fiscal Balance

  • Nigeria Consolidated Fiscal Balance recorded a deficit equal to 1.903 USD bn in Dec 2024, compared with a deficit equal to 2.015 USD bn in the previous quarter.
  • Nigeria Consolidated Fiscal Balance data is updated quarterly, available from Mar 2005 to Dec 2024, with an average ratio of -2.023 USD bn.
  • The data reached an all-time high of 1.230 USD bn in Sep 2007 and a record low of -8.407 USD bn in Mar 2022.

CEIC converts quarterly Consolidated Fiscal Balance into USD. The Central Bank of Nigeria provides Consolidated Fiscal Balance in local currency. The Central Bank of Nigeria average market exchange rate is used for currency conversions.

View Nigeria's Consolidated Fiscal Balance from Mar 2005 to Dec 2024 in the chart:

Nigeria Consolidated Fiscal Balance

What was Nigeria's Consolidated Fiscal Balance in Dec 2024?

Nigeria Consolidated Fiscal Balance recorded a deficit equal to 1.903 USD bn in Dec 2024, compared with a deficit equal to 2.015 USD bn in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
-1,902.660 Dec 2024 -2,015.266 Sep 2024 -8,406.870 Mar 2022 1,229.562 Sep 2007 USD mn quarterly Mar 2005 - Dec 2024

Consolidated Fiscal Balance by Country Comparison

country/region Last Frequency Range
Albania (USD mn) 364.843 Feb 2026 monthly Dec 1997 - Feb 2026
Algeria (USD mn) -5,868.518 2022 yearly 1997 - 2022
Argentina (USD mn) 102.669 Feb 2026 monthly Jan 1993 - Feb 2026
Armenia (USD mn) -403.337 Dec 2025 monthly Jan 2008 - Dec 2025
Australia (USD mn) -10,334.848 Dec 2025 quarterly Sep 2002 - Dec 2025
Austria (USD mn) -4,578.917 Sep 2025 quarterly Mar 2001 - Sep 2025
Azerbaijan (USD mn) 310.353 Dec 2025 monthly Dec 2004 - Dec 2025
Bahrain (USD mn) -2,784.441 2024 yearly 1990 - 2024
Bangladesh (USD mn) 154.969 Jul 2025 monthly Jul 2008 - Jul 2025
Belarus (USD mn) 404.854 Sep 2021 quarterly Dec 2005 - Sep 2021
Belgium (USD mn) -30,012.565 2024 yearly 1970 - 2024
Bolivia (USD mn) -5,230.120 2024 yearly 1990 - 2024
Bosnia and Herzegovina (%) 1.770 Sep 2025 quarterly Dec 2008 - Sep 2025
Botswana (USD mn) -331.433 Nov 2025 monthly Apr 2007 - Nov 2025
Brazil (USD mn) 1,864.099 Jan 2026 monthly Jan 1997 - Jan 2026
Brunei (USD mn) -2,030.104 2024 yearly 2003 - 2024
Bulgaria (%) -3.009 Dec 2025 quarterly Sep 2003 - Dec 2025
Cambodia (USD mn) -52.271 Jul 2024 monthly Jan 2007 - Jul 2024
Canada (USD mn) 177.601 Dec 2025 monthly May 1992 - Dec 2025
Chile (USD mn) -9,295.767 2024 yearly 1990 - 2024
China (USD mn) -331,213.085 Dec 2025 monthly Jan 1995 - Dec 2025
Colombia (USD mn) -3,989.807 Jun 2025 quarterly Mar 1995 - Jun 2025
Croatia (USD mn) -963.223 Dec 2019 quarterly Mar 2015 - Dec 2019
Cyprus (USD mn) 632.767 Jan 2026 monthly Jan 2014 - Jan 2026
Czech Republic (USD mn) -1,212.622 Sep 2025 quarterly Mar 1999 - Sep 2025
Denmark (USD mn) 4,561.068 Sep 2025 quarterly Mar 1999 - Sep 2025
Ecuador (USD mn) -3,224.953 Dec 2025 quarterly Mar 2000 - Dec 2025
Egypt (USD mn) -18,641.912 Jan 2026 monthly Jan 2005 - Jan 2026
Estonia (USD mn) 5.960 Sep 2025 quarterly Mar 1999 - Sep 2025
European Union (USD mn) -612,084.939 2024 yearly 1999 - 2024
Finland (USD mn) -3,737.484 Dec 2025 quarterly Mar 1999 - Dec 2025
France (USD mn) -48,864.241 Sep 2025 quarterly Mar 1957 - Sep 2025
Georgia (USD mn) 30.346 Jan 2026 monthly Jan 2006 - Jan 2026
Germany (USD mn) -59,276.118 Dec 2025 quarterly Mar 1991 - Dec 2025
Ghana (USD mn) 532.461 Dec 2025 monthly Jan 2008 - Dec 2025
Greece (USD mn) 4,558.528 Sep 2025 quarterly Mar 1999 - Sep 2025
Hong Kong SAR, China (USD mn) 5,652.229 Jan 2026 monthly Oct 1998 - Jan 2026
Hungary (USD mn) -2,681.849 Sep 2025 quarterly Mar 1999 - Sep 2025
Iceland (USD mn) -422.522 Dec 2025 quarterly Mar 2002 - Dec 2025
India (USD mn) -13,420.225 Dec 2025 monthly Apr 1997 - Dec 2025
Indonesia (USD mn) -4,820.017 Feb 2026 monthly Jan 2014 - Feb 2026
Iran (USD mn) -13,054.476 Mar 2021 quarterly Jun 2005 - Mar 2021
Ireland (USD mn) 260.587 Sep 2025 quarterly Mar 2000 - Sep 2025
Israel (USD mn) -721.641 Feb 2026 monthly Jan 1999 - Feb 2026
Italy (USD mn) -22,272.633 Sep 2025 quarterly Mar 1999 - Sep 2025
Ivory Coast (USD mn) -3,452.972 2024 yearly 1960 - 2024
Japan (USD mn) -286,722.348 2024 yearly 1995 - 2024
Jordan (USD mn) -1,288.434 2025 yearly 1999 - 2025
Kazakhstan (USD mn) 534.827 Feb 2026 monthly Nov 2007 - Feb 2026
Kenya (%) -6.600 Sep 2025 quarterly Dec 2009 - Sep 2025
South Korea (USD mn) 492.507 Nov 2025 monthly Jul 1999 - Nov 2025
Kosovo (USD mn) 49.040 Oct 2023 monthly Jan 2006 - Oct 2023
Kuwait (USD mn) -3,440.015 2024 yearly 1988 - 2024
Kyrgyzstan (USD mn) 275.694 Jan 2026 monthly Jan 2007 - Jan 2026
Laos (USD mn) 375.970 2024 yearly 2010 - 2024
Latvia (USD mn) -315.952 Sep 2025 quarterly Mar 1999 - Sep 2025
Lebanon (USD mn) 405.307 Dec 2021 monthly Jan 1998 - Dec 2021
Lithuania (USD mn) -135.319 Sep 2025 quarterly Mar 1999 - Sep 2025
Luxembourg (%) 0.888 2024 yearly 1995 - 2024
Macau SAR, China (%) 7.879 Jun 2025 quarterly Dec 2003 - Jun 2025
North Macedonia (USD mn) -764.028 2024 yearly 2009 - 2024
Malawi (USD mn) -43.664 Nov 2025 monthly Oct 2005 - Nov 2025
Malaysia (USD mn) -27,060.208 2024 yearly 1970 - 2024
Malta (USD mn) 96.549 Sep 2025 quarterly Mar 1999 - Sep 2025
Mauritius (%) -8.795 Sep 2025 quarterly Dec 2010 - Sep 2025
Mexico (USD mn) -1,094.839 Jan 2026 monthly Jan 1977 - Jan 2026
Moldova (USD mn) -709.547 2024 yearly 1998 - 2024
Mongolia (USD mn) -82.716 Feb 2026 monthly Jan 2000 - Feb 2026
Montenegro (USD mn) -36.484 Jan 2026 monthly Jan 2012 - Jan 2026
Morocco (USD mn) -6,705.833 Dec 2025 monthly Jan 2000 - Dec 2025
Mozambique (USD mn) 388.757 Dec 2016 quarterly Mar 2002 - Dec 2016
Myanmar (USD mn) -1,713.224 2022 yearly 1980 - 2022
Nepal (USD mn) -117.285 Dec 2025 quarterly Mar 2017 - Dec 2025
Netherlands (USD mn) -6,772.937 Sep 2025 quarterly Mar 1999 - Sep 2025
New Zealand (USD mn) -770.083 Dec 2025 quarterly Mar 1999 - Dec 2025
Nigeria (USD mn) -1,902.660 Dec 2024 quarterly Mar 2005 - Dec 2024
Norway (USD mn) 2,883.255 Dec 2025 quarterly Mar 2002 - Dec 2025
Oman (USD mn) -41.612 Nov 2025 monthly Jun 2003 - Nov 2025
Pakistan (USD mn) -22,771.776 2024 yearly 1991 - 2024
Palestinian Territory (USD mn) 192.600 2024 yearly 2010 - 2024
Panama (USD mn) -3,320.820 2025 yearly 2003 - 2025
Paraguay (USD mn) -42.600 Jan 2026 monthly Jan 2003 - Jan 2026
Peru (USD mn) -4,595.925 Dec 2025 quarterly Mar 1990 - Dec 2025
Philippines (USD mn) -5,321.655 Dec 2025 monthly Jan 1985 - Dec 2025
Poland (USD mn) -59,417.037 2024 yearly 1995 - 2024
Portugal (USD mn) 3,449.979 Sep 2025 quarterly Mar 1995 - Sep 2025
Qatar (USD mn) -1,455.220 Dec 2025 quarterly Mar 2011 - Dec 2025
Romania (%) -7.644 Dec 2025 quarterly Dec 2004 - Dec 2025
Russia (USD mn) -8,787.465 Jan 2026 monthly Jan 1993 - Jan 2026
Saudi Arabia (USD mn) -73,761.406 2025 yearly 1969 - 2025
Serbia (USD mn) -416.922 Jan 2026 monthly Jan 2005 - Jan 2026
Singapore (USD mn) 2,115.427 Jan 2026 monthly Apr 2011 - Jan 2026
Slovakia (USD mn) -1,292.600 Feb 2026 monthly Jan 2005 - Feb 2026
Slovenia (USD mn) -850.675 Dec 2025 monthly Jan 2000 - Dec 2025
South Africa (USD mn) -4,285.548 Jan 2026 monthly Jan 1990 - Jan 2026
Spain (USD mn) 18,617.397 Sep 2025 quarterly Mar 1995 - Sep 2025
Sri Lanka (%) -4.729 Sep 2025 quarterly Dec 2014 - Sep 2025
Sudan (USD mn) -196.813 2021 yearly 2001 - 2021
Sweden (USD mn) -9,465.294 2024 yearly 1995 - 2024
Switzerland (USD mn) 5,488.721 2025 yearly 1990 - 2025

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Nigeria Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -4.0 Dec 2024 quarterly Dec 2010 - Dec 2024
Consolidated Fiscal Balance (USD mn) -1,902.660 Dec 2024 quarterly Mar 2005 - Dec 2024
National Government Debt (USD mn) 101,223.7 Sep 2025 quarterly Dec 2006 - Sep 2025
Government Debt: % of GDP (%) 36.2 Sep 2025 quarterly Dec 2010 - Sep 2025
Forecast: Government Expenditure (NGN bn) 109,186.865 2030 yearly 1990 - 2030
Forecast: Government Net Debt (NGN bn) 295,803.687 2030 yearly 1990 - 2030
Forecast: Government Revenue (NGN bn) 80,747.215 2030 yearly 1990 - 2030
Gross Federation Account Revenue (NGN bn) 11,925.570 Sep 2025 quarterly Mar 2005 - Sep 2025
Gross Federation Account Revenue: Oil (NGN bn) 3,518.110 Sep 2025 quarterly Mar 2005 - Sep 2025
Federal Govt Expenditure: Capital (NGN bn) 958.160 Dec 2024 quarterly Mar 2005 - Dec 2024
Federal Govt Expenditure: Recurrent (NGN bn) 4,210.940 Dec 2024 quarterly Mar 2005 - Dec 2024
Federal Govt Expenditure (NGN bn) 5,604.790 Dec 2024 quarterly Mar 2005 - Dec 2024
Federal Govt Revenue (NGN bn) 2,519.820 Dec 2024 quarterly Mar 2005 - Dec 2024
Federal Govt Balance (NGN bn) -3,301.610 Sep 2024 quarterly Mar 2005 - Sep 2024
Government Debt: Domestic (NGN bn) 69,219.806 Sep 2024 quarterly Dec 2005 - Sep 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) -1.879 2028 yearly 1991 - 2028
Trade Balance (USD mn) 245.1 Dec 2025 monthly Jan 2003 - Dec 2025
Total Exports (USD mn) 4,367.5 Dec 2025 monthly Jan 2003 - Dec 2025
Total Exports Growth (%) -9.2 Dec 2025 monthly Jan 2004 - Dec 2025
Aluminum: Exports (USD th) 242,851.843 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 2,102.688 2024 yearly 1995 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 578.589 2024 yearly 1995 - 2024
Total Imports (USD mn) 2,644.8 Jun 2025 monthly Jan 2003 - Jun 2025
Total Imports Growth (%) 9.9 Dec 2025 monthly Jan 2004 - Dec 2025
Imports: Medicament (USD th) 605,905.663 2024 yearly 1995 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 335,165.261 2024 yearly 1995 - 2024
Total Exports to USA (USD mn) 162.467 Dec 2025 monthly Jan 2003 - Dec 2025
Total Imports from USA (USD mn) 309.728 Dec 2025 monthly Dec 2009 - Dec 2025
Total Exports to China (USD mn) 157.315 Dec 2025 monthly Jan 2007 - Dec 2025
Total Imports from China (USD mn) 1,415.075 Dec 2025 monthly Jan 2007 - Dec 2025
Exports: Mineral Products (NGN mn) 73,459,088.314 2025 yearly 2003 - 2025
Exports: Vegetable Products (NGN mn) 1,539,822.759 2025 yearly 2003 - 2025
Exports: Plastic and Articles Thereof, Rubber and Articles Thereof (NGN mn) 244,171.194 2025 yearly 2003 - 2025
Exports: America: ow USA (NGN mn) 235,634.548 Dec 2025 monthly Jan 2003 - Dec 2025
Exports (NGN mn) 6,334,358.836 Dec 2025 monthly Jan 2003 - Dec 2025
Exports: Europe: ow Netherlands (NGN mn) 663,947.498 Dec 2025 monthly Jan 2003 - Dec 2025
Exports: Europe: ow UK (NGN mn) 47,516.769 Dec 2025 monthly Jan 2003 - Dec 2025
Imports: Chemicals and Chemical Products (NGN mn) 999,721.947 Dec 2025 monthly Jan 2003 - Dec 2025
Imports: Machinery and Transport Equipment (NGN mn) 1,929,321.105 Dec 2025 monthly Jan 2003 - Dec 2025
Imports: Food and Live Animals (NGN mn) 850,483.714 Dec 2025 monthly Jan 2003 - Dec 2025
Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) 1,191,103.588 Dec 2025 monthly Jan 2003 - Dec 2025
Imports: Manufactured Goods (NGN mn) 621,984.130 Dec 2025 monthly Jan 2003 - Dec 2025
Imports: Asia: ow China (NGN mn) 2,052,359.077 Dec 2025 monthly Jan 2007 - Dec 2025
Imports: Europe: ow Netherlands (NGN mn) 446,202.327 Dec 2025 monthly Jan 2003 - Dec 2025
Imports: America: ow USA (NGN mn) 449,215.349 Dec 2025 monthly Jan 2003 - Dec 2025
Imports: Europe: ow UK (NGN mn) 302,058.111 Dec 2025 monthly Jan 2003 - Dec 2025
Imports: Europe: ow Germany (NGN mn) 145,581.678 Dec 2025 monthly Jan 2003 - Dec 2025
Imports (NGN mn) 5,978,855.607 Dec 2025 monthly Jan 2003 - Dec 2025
Exports: Crude Oil (NGN mn) 3,256,138.155 Dec 2025 monthly Jan 2003 - Dec 2025
Total Trade (NGN mn) 12,313,214.443 Dec 2025 monthly Jan 2003 - Dec 2025
Imports: Growth Rate: MoM (%) 14.404 Dec 2025 monthly Jan 2019 - Dec 2025
Exports: Growth Rate: MoM (%) 3.151 Dec 2025 monthly Jan 2019 - Dec 2025
Export Value Index (2015=100) 93.461 2021 yearly 1980 - 2021
Import Value Index (2015=100) 116.198 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -164.4 Sep 2025 quarterly Mar 2008 - Sep 2025
Current Account Balance (USD mn) 3,416.4 Sep 2025 quarterly Mar 2014 - Sep 2025
Current Account Balance: % of GDP (%) 4.4 Sep 2025 quarterly Mar 2014 - Sep 2025
Foreign Direct Investment (USD mn) 718.4 Sep 2025 quarterly Mar 2014 - Sep 2025
Foreign Direct Investment: % of GDP (%) 1.0 Sep 2025 quarterly Mar 2010 - Sep 2025
Foreign Portfolio Investment (USD mn) 2,512.415 Sep 2025 quarterly Mar 2008 - Sep 2025
Foreign Portfolio Investment: % of GDP (%) 3.4 Sep 2025 quarterly Mar 2010 - Sep 2025
Foreign Portfolio Investment: Equity Securities (USD mn) 402.5 Sep 2025 quarterly Mar 2008 - Sep 2025
Foreign Portfolio Investment: Debt Securities (USD mn) 2,109.957 Sep 2025 quarterly Mar 2008 - Sep 2025
External Debt (USD mn) 48,462.9 Sep 2025 quarterly Dec 2006 - Sep 2025
External Debt: % of GDP (%) 11.9 2024 yearly 1985 - 2024
External Debt: Short Term (USD mn) 1,513.7 2022 yearly 2008 - 2022
External Debt: Short Term: % of GDP (%) 0.2 2022 yearly 2008 - 2022
Forecast: Current Account Balance (USD bn) 5.732 2030 yearly 1980 - 2030
Net International Investment Position (USD mn) -68,546.495 2024 yearly 2005 - 2024
External Debt: Government (USD mn) 48,462.930 Sep 2025 quarterly Dec 2006 - Sep 2025
External Debt: Service Payments (USD mn) 194.440 Dec 2018 quarterly Mar 2008 - Dec 2018
External Debt: Government: International Capital Market (USD mn) 15,118.350 Sep 2024 quarterly Mar 2011 - Sep 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 6.1 2019 yearly 2003 - 2019
Non-Performing Loans (USD mn) 3,315.011 Mar 2021 quarterly Mar 2007 - Mar 2021
Money Supply M1 (USD mn) 30,541.947 Jan 2026 monthly Apr 1990 - Jan 2026
Money Supply M2 (USD mn) 88,997.123 Jan 2026 monthly Apr 1990 - Jan 2026
M2 Growth (%) 11.0 Jan 2026 monthly Apr 1991 - Jan 2026
Reserve Requirement Ratio (%) 45.0 Jan 2026 monthly Nov 2005 - Jan 2026
Foreign Exchange Reserves (USD mn) 42,772.1 Sep 2025 monthly Jan 1960 - Sep 2025
Foreign Exchange Reserves: % of GDP (%) 16.154 Sep 2025 quarterly Dec 2010 - Sep 2025
Foreign Exchange Reserves: Months of Import (NA) 12.7 Sep 2025 monthly Jan 2003 - Sep 2025
Gold Reserves (USD mn) 2,660.953 Sep 2025 monthly Dec 1950 - Sep 2025
Total Deposits (USD mn) 84,213.801 Dec 2019 monthly Nov 1992 - Dec 2019
Total Deposits Growth (%) 2.6 Dec 2019 monthly Nov 1993 - Dec 2019
Domestic Credit (USD mn) 78,949.7 Jan 2026 monthly Apr 1990 - Jan 2026
Domestic Credit Growth (%) 6.9 Jan 2026 monthly Apr 1991 - Jan 2026
Private Debt: % of Nominal GDP (%) 15.41 Jun 2024 quarterly Dec 2010 - Jun 2024
Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) 81,021,983.730 Jan 2026 monthly Apr 1990 - Jan 2026
Monetary Survey: Liabilities: M2 (NGN mn) 123,354,746.700 Jan 2026 monthly Apr 1990 - Jan 2026
Monetary Survey: Liabilities: Base Money (NGN mn) 35,990,427.220 Jan 2026 monthly Apr 1990 - Jan 2026
Monetary Survey: Liabilities: M2: M1 (NGN mn) 42,332,762.940 Jan 2026 monthly Apr 1990 - Jan 2026
Monetary Survey: Liabilities: M3 (NGN mn) 35,345,802.020 Jun 2020 monthly Nov 1992 - Jun 2020
Non Performing Loans to Gross Loans (%) 5.760 Jun 2025 semiannually Dec 2003 - Jun 2025
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 13.6 Feb 2026 monthly Jul 2015 - Feb 2026

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