Nigeria will have for the year 2021, a record budget of more than 28 billion euros. It was validated Thursday by Muhammadu Buhari.

In naira, the local currency, it is higher than last year by at least 20%.

This envelope will allow the largest producer of black gold in sub-Saharan Africa to revive its economy, which has not been spared by the fall in the prices of its main source of income, oil.

A thirst for revival therefore for this African giant which went into recession at the end of November.

Over the first nine months of 2020, Nigeria's cumulative GDP is down 2.48%.

While the International Monetary Fund predicted a decline in the country's GDP of 5.4% for 2020, Abuja for its part envisages a contraction of 8.9%.

To cope, the state devalued the currency, but this depreciation created high inflation. In October, food prices rose by 17.3%.

According to the World Bank, the coronavirus crisis is expected to push an additional five million Nigerians into poverty in 2020

A figure that is added to the two million new poor already planned for this year