Nigeria’s President Muhammadu Buhari has signed into law a budget of more than $45 billion (£37 billion) for 2023.
It is his administration’s final budget.
According to the budget, the government intends to sell some public assets in order to reduce the massive deficit, which amounts to just less than 5% of GDP.
Along with the main budget, there is an additional budget to deal with the aftermath of the recent nationwide floods, which damaged critical infrastructure.
A large portion of the budget is funded by the earnings from crude oil, but volatility in the oil price has meant that borrowing has increased and forced the government to look for other ways to raise funds.
Mr Buhari’s two terms in office will come to an end after voters elect his successor next month.