Nigerian President Muhammadu Buhari has signed the more than $45bn (£37bn) 2023 budget into law.
This is the last budget of his government.
The budget shows that the government wants to sell some public assets to reduce the huge deficit, which is just under 5% of GDP.
In addition to the main spending plan is an additional spending plan to deal with the consequences of the national floods that damaged important infrastructure.
A large part of the budget is financed by revenue from crude oil but volatility in oil prices means debt is increasing and forcing the government to find other ways to raise funds.
Mr Buhari’s two terms in office will end after voters choose his successor next month.
Source: BBC
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