Nigeria’s 2025 budget both federal and state governments combined when analysed based on budget per capita amounts to $0.63, way lower than the average $2.15 per day marked by the World Bank for people living in extreme poverty.
This is a big blow for a country ranked closely behind India as the second most populous nation with highest poverty levels now estimated at 129 million.
Analysts Data Services and Resources (ADSR) in its latest report stated that the values of Nigeria’s budget per person at the federal and state levels stood at $0.43 and $0.21, respectively.