Nigeria’s president Muhammadu Buhari will sign the 2018 expenditure plan into law Wednesday after months of delays, the presidency said.
Lawmakers in Africa’s most-populous nation last month approved a 9.1 trillion naira ($25 billion) budget for this year and sent it back to Buhari to assent. That’s 5.8 percent bigger than what Buhari presented to them in November and a fifth more than last year’s spending plan.
The nation’s biggest budget yet is meant to help spur economic growth ahead of elections in February and after a contraction in 2016.
Buhari will sign the budget Wednesday at noon and the weekly cabinet meeting scheduled for the same day will be canceled because the long Eid weekend affected preparations, presidency spokesman Femi Adesina said Tuesday in an emailed statement.
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