IMF sees Nigeria budget gap wider than state outlook on tax

IMF sees Nigeria budget gap wider than state outlook on tax

State projects 2017 deficit at 2.8% of GDP; IMF says 3.7% West African economy contracted 1.5% in 2016 after oil fell Nigeria’s budget gap will probably be larger than the government estimates this year because the West African nation’s revenue from taxes and state companies will be lower than forecast, the International Monetary Fund said….

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