Tagged:

Nigerian Senators Debate 2021 Budget

The Senate has engaged in a debate over the proposed budget for next year with some senators holding divergent views over the viability of the budget proposals. President Muhammadu Buhari had presented a budget of U.S.$34 billion to help the economy recover after it was battered by the Covid-19 pandemic. The government plans to plug the budget shortfall by borrowing from domestic and foreign markets. The president also said that the economy may relapse into a second recession in four years with significant negative consequences. In August, Nigeria's economy witnessed it's biggest decline in 10 years. The country last suffered a recession in 2016.

InFocus

MBuhari/Twitter

President Muhammadu Buhari (file photo).

Follow AllAfrica

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.