Nigeria : a $34 billion spending plan that prioritizes the economy and security

Nigeria’s leader on Wednesday presented a 27.5 trillion naira ($34.8 billion) spending plan for 2024 to federal lawmakers, with a focus on stabilizing Africa’s largest but ailing economy and tackling the nation’s deadly security crisis.

The primary objective of the proposed budget is to sustain the “robust foundation for sustainable economic development” that the new government has set in motion, President Bola Tinubu said in Abuja, the capital. Lawmakers plan to deliberate before voting on the plan.

President Tinubu projected the economy would grow by at least 3.76% next year and listed infrastructure and social welfare programs among the government’s priorities to reduce hardship in the country of more than 210 million people.