Fitch Sounds Alarm Over Election Spending Risks
Global rating agency, Fitch Ratings has warned that Nigeria’s fiscal deficit could widen in 2025–2026 as election-related spending pressures mount.In its latest review, Fitch reaffirmed Nigeria’s “B” Stable rating but projected the deficit to rise to around 3.1% of GDP, driven by wage increases, campaign projects, and social programmes ahead of the election cycle. The…