ABUJA (Reuters) - Nigeria's Acting President Goodluck Jonathan Thursday signed into law a 4.6 trillion naira (20.1 billion pounds) budget for 2010.
The budget increases expenditure by 50 percent from last year as Nigeria tries to spend its way out of a downturn, but it also risks pushing the OPEC member to a budget deficit of more than 5 percent.
"It is with a deep sense of responsibility that I sign the 2010 budget for the acceleration of development in our country," Jonathan said at a signing ceremony in the capital Abuja.
Analysts have welcomed the government's move to boost the economy but cautioned the quality of spending would be key, given Nigeria's reputation for inefficient budget implementation.
(Reporting by Felix Onuah; Writing by Randy Fabi; Editing by Giles Elgood, Ron Askew)
