Nigeria's acting president approves $31 bln budget

Nigeria's Acting President Goodluck Jonathan on Thursday signed into law a 4.6 trillion naira ($31 billion) budget for 2010.

Nigeria's acting president approves $31 bln budget


Nigeria's Acting President Goodluck Jonathan on Thursday signed into law a 4.6 trillion naira ($31 billion) budget for 2010.

The budget increases expenditure by 50 percent from last year as Nigeria tries to spend its way out of a downturn, but it also risks pushing the OPEC member to a budget deficit of more than 5 percent.

"It is with a deep sense of responsibility that I sign the 2010 budget for the acceleration of development in our country," Jonathan said at a signing ceremony in the capital Abuja.


Reuters

Last Mod: 22 Nisan 2010, 13:56
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