curator
Administrator
Nigeria’s central bank Governor Lamido Sanusi said he is bracing for public spending “shocks” as Africa’s most populous nation prepares to vote in 2015, reducing the chance of lower interest rates.
“Toward the elections there will be a supplementary budget,” Sanusi said in an interview on Bloomberg TV’s African Business Weekly program, due to be broadcast tomorrow at 5 p.m. local time in Abuja, the capital. “I don’t think I have seen an election cycle in any country in which the government has not spent money.”
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Source: Bloomberg
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“Toward the elections there will be a supplementary budget,” Sanusi said in an interview on Bloomberg TV’s African Business Weekly program, due to be broadcast tomorrow at 5 p.m. local time in Abuja, the capital. “I don’t think I have seen an election cycle in any country in which the government has not spent money.”
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Source: Bloomberg
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