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Tuesday, 5 January 2016

IMF scrutinises Nigeria budget

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Nigeria in IMF talks as it deals with large budget deficit

Nigeria's President Muhammadu Buhari is holding talks with International Monetary Fund chief Christine Lagarde as the government looks to fund an $11bn (£7.5bn) budget deficit.
The country is facing a cash shortage because of the plunging oil price - one of the main sources of government revenue.
Mr Buhari is hoping to fund half the budget deficit through money from international lenders.

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