Nigeria’s federal government fiscal deficit increased on a month-on-month by 0.1 percent to N824.79 billion in April 2024. The Central Bank of Nigeria disclosed this in its recently released April 2024 Monthly Economic Report. The report showed that the country’s deficit was 7.92 percent higher than the budgeted N764.19 billion for the period. The bank also said consumer credit outstanding declined significantly by 53.83 percent to N3.8 trillion at the end of April 2024 from the level in the preceding month. According to the CBN, the expansion in deficit was due to a 0.55 percent MoM decline i…