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Nigeria's 2026–2028 budget lowers oil forecasts and revenue, raising debt and fiscal concerns.
Nigeria’s 2026–2028 budget framework adopts more realistic revenue and oil production assumptions, lowering 2026 revenue to N34.3 trillion and oil output to 1.8 million barrels per day, reflecting persistent underproduction.
The government reduced its oil price forecast to $64.85 per barrel and set a projected exchange rate of N1,540 to the dollar.
While praised for improved fiscal credibility, concerns remain over debt service absorbing 46% of revenue, limiting spending on key sectors.
The Centre for the Promotion of Private Enterprise urged further caution, recommending a 1.6 million barrels per day benchmark and criticized delayed legislative submission, stressing the need for sustained fiscal discipline.
El presupuesto de Nigeria para 2026–2028 reduce las previsiones y los ingresos petroleros, aumentando la deuda y las preocupaciones fiscales.