Nigeria faces N1.3 trillion spending gap at $70 oil

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« on: December 03, 2014, 01:28:22 PM »

Nigeria faces the negative prospects of a N1.3 trillion cut in government spending next year, if oil prices trade at an average of $70 per barrel in 2015, unless the government chooses to spike bond issuances and widen the deficit to maintain spending close to this year?s level.
Source: http://www.ereporter.com.ng/index.php/business-news/item/1842-nigeria-faces-n1-3-trillion-spending-gap-at-70-oil

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