Investor Presentaiton
AVOIDING THE CLIFF, BUT STILL CLIMBING THE MOUNTAIN: BREAKING
OUT OF THE LOW REVENUES / LOW SPENDING FISCAL EQUILIBRIUM,
AND IMPROVING SPENDING EFFICIENCY
More reforms to strengthen revenues are needed to fund public services and development. On present trends,
Nigeria will continue spending less than $20/person/month on non-interest expenditure for the foreseeable future
Percent of GDP
US$
30
20.0
18.0
17.6
25
16.0
SSA average
14.0
20
12.0
00
10.0
8.4
8.6 8.6 8.7
8.8
8.9
Total
8
8
Monthly per
capita
6
interest
5
5
expenditure
15
6
5
5
8.2
8.0
7.4
revenue
10
6.0
4.7
4.7 4.9 5.0.
5.1 5.2
4.6
Non-oil
revenue
17
5.0
12 12
14
13
15
16
5
Monthly per
18 capita non-
interest
expenditure
4.0
Oil
2.0
3.7 3.5 3.9 3.8 3.7 3.8 3.7
revenue
2.4
0
0.0
2023 2024
2025 2026 2027 2028 2029
2030
2023 2024 2025 2026 2027 2028 2029 2030
Source: World Bank estimates based on data from BOF, DMO, and WEO
NIGERIA
THE WORLD BANK
IBRD ⚫IDA | WORLD BANK GROUP
20
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