Nigeria Spending Plan Seeks Modest Growth Amid Revenue SqueezeBy
Forecasts 3 percent growth in 2017, 4.26 percent for 2018
The naira is projected to stabilize at 290 to the dollar
Nigeria approved a three-year spending plan targeting modest economic growth as Africa’s most populous country tries to emerge from a revenue squeeze caused by the collapse of the price of oil, its main export, Budget Minister Udoma Udo Udoma said.
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