• Friday, December 06, 2024
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BusinessDay

Weaker naira drags FG’s budget to six-year low 

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Weaker naira drags FG's budget to six-year low   

Wasiu Alli

Nigeria is aiming to spend a record N47.9 trillion in the 2025 fiscal year in a move to strengthen economic resilience but with a devalued currency, the budget is the lowest since 2020 in dollar terms, according to BusinessDay’s analysis.

The proposed budget is premised on the assump