Nigeria Targets 4.2% Growth in Expanded Spending Plan
- Country projects budget deficit of 3.4% of GDP in 2022
- Spending plan is based on average oil price of $57 a barrel
This article is for subscribers only.
Sign up to our Next Africa newsletter and follow Bloomberg Africa on Twitter
Nigeria’s government finalized plans to ramp up spending and borrowing as it grapples with reviving an economy that shrank by the most in a quarter century last year due to the coronavirus pandemic.