ABUJA (Reuters) - Nigerian lawmakers approved a 28.77 trillion naira ($34 billion) budget for 2024 on Saturday, accepting a funding increase which the government had sought due to higher revenue forecasts and a weaker currency.
President Bola Tinubu had initially presented a 27.5 trillion naira budget to lawmakers, projecting a deficit of 3.9% of gross domestic product (GDP) and assuming an average exchange rate of 750 naira per dollar.
