Comparative Analysis of Per Capita Budgets Across African Nations and Europe
In a comparative analysis of per capita budgets across various African nations and Europe, Nigeria’s budget for 2024, amounting to $33 billion for a population of 200 million, translates to a mere $165 per citizen. This stands in stark contrast to other African countries like South Africa, with a per capita budget of $2,226, Algeria at $2,227, and Egypt at $890.
In the European context, the United Kingdom, with a population of 68 million, boasts a substantial budget of $1.5 trillion, equating to $22,058 per citizen. Similarly, the Netherlands, with a population of 17 million, allocates $496 billion, providing $29,176 per citizen.
The figures highlight Nigeria’s limited resources, which are stretched thin across critical sectors such as healthcare, education, and infrastructure. The concern is compounded by issues of embezzlement, mismanagement, and wastage, exacerbating the challenges faced by the nation. Despite its large population, Nigeria struggles with meager resources and faces significant hurdles in effective budget utilization.
