(Bloomberg) -- Nigeria's President Muhammadu Buhari will sign the 2018 expenditure plan next week, after months of delays, presidency spokesman Femi Adesina told reporters in the capital, Abuja.
Earlier on Wednesday, Adesina said Buhari would sign the budget during the course of the day.
Lawmakers in Africa's most-populous nation last month sent spending plans for this year of 9.1 trillion naira ($25 billion) to Buhari to sign into law. That's 5.8 percent more than what Buhari presented to them in November and a fifth bigger than last year's budget.
The nation's biggest budget yet is meant to help spur economic growth ahead of elections in February and after a contraction in 2016.
To contact the reporter on this story: Elisha Bala-Gbogbo in Abuja at ebalagbogbo@bloomberg.net
To contact the editors responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net, Sophie Mongalvy, Liezel Hill
©2018 Bloomberg L.P.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
