President Muhammadu Buhari recently presented the country’s 2018 budget at the National Assembly. It was Nigeria’s biggest budget in terms of size. Yet, it was “meagre” when compared with the budget of other major countries in Africa.
Nigeria- $23 billion
South Africa – $116 billion
Angola – $124 billion
Algeria – $53 billion
Egypt – $40 billion.
This is according to the senior economist, SPM Professionals, Paul Alaje. He said:
“Nigeria economy is supposed to be the biggest in Africa. But, we are the lowest, both in per capita budget figures and in absolute terms. Nigeria is in the middle among South Africa, Algeria, Egypt and Angola.