Nigeria's Buhari to Sign 2018 Budget Next Week, Aide Says

(Bloomberg) -- Nigeria’s President Muhammadu Buhari will sign the 2018 expenditure plan next week, after months of delays, presidency spokesman Femi Adesina told reporters in the capital, Abuja.

Earlier on Wednesday, Adesina said Buhari would sign the budget during the course of the day.

Lawmakers in Africa’s most-populous nation last month sent spending plans for this year of 9.1 trillion naira ($25 billion) to Buhari to sign into law. That’s 5.8 percent more than what Buhari presented to them in November and a fifth bigger than last year’s budget.

The nation’s biggest budget yet is meant to help spur economic growth ahead of elections in February and after a contraction in 2016.

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