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Nigeria

Nigeria: Senate approves MTEF 2022-24 with benchmark oil price USD 57

    EmergingMarketWatch
    23 September 2021
    • 2022 budget is record large NGN 13.98tn, but includes budgets of 60 government agencies
    • Fiscal deficit widens to NGN 5.62tn in 2022, new borrowing pegged at NGN 4.9tn
    • Senate approves crude production of 1.88mbpd, USD/NGN 410, GDP growth of 4.2%