Fiscal profligacy puts Nigeria in tight spot over oil
Fiscal buffers are insufficient to cope with lower oil prices, requiring politically fraught budget cuts
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In this article
- Depleted buffers
- Benchmarks and austerity
- Saving FX reserves
- Stop-gap measures
- Currency depreciation
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_350.jpg "Ngozi Okonjo-Iweala takes part in a discussion during the World Bank/IMF Annual Meeting in Washington (Reuters/Joshua Roberts)")