Nigeria's Buhari approves $2 bln extra budget for flood damage - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

Nigeria’s President Muhammadu Buhari has approved an 819.5 billion naira supplementary budget for 2022 to help deal with the impact of recent flooding, after the widespread destruction of farmland, the Senate President said on Wednesday.

Nigeria is also battling with insurgents in the northeast and crude oil theft in its oil-producing regions in the south which has slashed oil output and government revenues. Buhari said the new spending will be financed through domestic borrowing, which will raise the deficit for 2022 to 4.43% of GDP.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ex-Russian president makes surprise trip to Beijing as Zelensky arrives in Washington | Business InsiderZelensky is due to address Congress on Wednesday. Dmitry Medvedev met with Xi Jinping earlier in the day. BISouthAfrica Looks like a penalty shootout.. but the only way to win is to cooperate to fix our world's big problems... Stop the wars, turn the global warming towards stability, food security, full employment, restore biodiversity, sustainability and respectful equality towards Peace!
Source: BISouthAfrica - 🏆 34. / 51 Read more »