January 15, 2016
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9:54Now PlayingA former Minister of Finance, Dr. Idika Kalu, has supported demands that Nigeria's 2016 budget should be reviewed to reflect the realities in the crude oil market, with more attention paid to the benchmark.
Dr. Kalu said Nigeria was short of funds and that the level of deficit in the budget was probably among the highest that the nation, which depends largely on crude oil sales for revenue, had recorded in recent years.
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