Nigeria to Boost 2016 Budget Even as Crude Revenue Declines

  • Spending plan based on oil price of just $38 a barrel
  • Government will stick to borrowing limit of 3% of GDP

Nigeria’s government said it will boost spending by a fifth in next year’s budget without overstepping borrowing targets, even as oil revenue in Africa’s largest economy is set to fall.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.