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VideoNovember 21, 2022

Nigeria’s need to spend more and better

Nigeria needs to increase its spending from its current very low levels, to promote economic development. The key to raising public spending lies in urgently raising more revenue. At 7% of GDP in 2021, Nigeria’s revenue to GDP ratio is among the five lowest in the world. Putting Nigeria on a sustainable fiscal path with improved service delivery requires a multi-pronged approach anchored around three interlinked and mutually reinforcing pillars.