- Nigeria raises budget 17% on oil windfall
- Lawmakers approve $6bn borrowing amid debt concerns
ABUJA, NIGERIA – Nigerian lawmakers have approved a 17% increase in the country’s 2026 budget, betting on higher oil revenues driven by the Middle East conflict to finance expanded spending.
The National Assembly on Tuesday endorsed President Bola Tinubu’s request to raise the budget by N9.09 trillion, lifting total expenditure to N68.3 trillion from N58.472 trillion passed in December.
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