Nigeria Spending Plan Seeks Modest Growth Amid Revenue Squeeze

  • 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.

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