Nigerian government agrees 6.0 trillion naira budget for 2016

Nigeria's economy -- Africa's largest -- has been hit hard by falling global crude prices, affecting government spending on much-needed infrastructure projectsNigeria’s government has agreed a 6.0 trillion naira ($29.8 billion) budget for the coming year, budget and national planning minister Udoma Udo Udoma said on Monday. “Next year, we are looking at an expansionist budget,” he told reporters after a cabinet meeting in the capital, Abuja. “We are looking at a budget that will be 1.0 trillion naira more than last year (2015).

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