Nigerian government agrees 6.0 trillion naira budget for 2016

Nigeria's government has agreed a 6.0 trillion naira ($29.8 billion) budget for the coming year, budget and national planning minister Udoma Udo Udoma said on Monday. "Next year, we are looking at an expansionist budget," he told reporters after a cabinet meeting in the capital, Abuja. "We are looking at a budget that will be 1.0 trillion naira more than last year (2015). So, we are looking at a budget of about 6.0 trillion."
Udoma said 30 percent would go on capital expenditure - up from 15 percent this year.