Nigeria May Fall Short on Pledged Budget Spending, Minister Says
This article is for subscribers only.
Nigeria may fail to deliver all of the spending promised in this year’s budget in light of “the current economic realities,” Finance Minister Kemi Adeosun said.
Approval of the 2016 budget in Africa’s largest economy was repeatedly delayed after the withdrawal of an early version to make corrections, the slump in oil prices that forced the government to revise revenue estimates and by squabbling over ministry allocations.