Day: May 14, 2020

The Nigerian government has reviewed downwards its 2020 budget from $27.1bn to $26.9bn to reflect its revenue challenge brought about by global oil price slump. The country’s budget deficit now stands at $13.5bn, with the country only able to fund its budget through direct revenue to the tune of $13.22tn. The government hopes to finance the deficit through foreign loans from the International Monetary Fund, World Bank…