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flag Nigeria's Senate approved a $132 billion 2026 budget with lower oil forecasts, growth targets, and major borrowing.

flag The Nigerian Senate has approved a N54.46 trillion 2026 budget framework, lowering the crude oil benchmark to $60 per barrel amid global volatility, while projecting oil output to rise to 1.92 million barrels per day by 2028. flag Exchange rates are forecast to improve from N1,512 to N1,383 by 2028, inflation to drop from 16.5% to 9%, and GDP growth to rise from 4.68% to 7.9%. flag The budget includes N17.88 trillion in borrowing, with capital spending at N20.13 trillion and a fiscal deficit of N20.13 trillion. flag Lawmakers urged strict enforcement of tax laws and a National Scanning Policy to boost revenue transparency.

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