The West African country has been in recession since mid-2016.
Minister of Foreign Affairs, Geoffrey Onyeama, says the pact is expected to cause an upsurge in economic activities.
The Ekiti state governor has clashed with the Nigerian president before.
The Nigerian president has also asked the U.S. for help in reclaiming billions of dollars of stolen funds.
After severe delays, the National Assembly passed the budget on March 23—but it still isn't official.
The country's budget was announced in December, but several issues have stalled its implementation.
The nonexistent workers were removed from the state payroll following an audit launched in December.
After allegations of corruption and copies disappearing, Nigeria's budget fiasco goes on.
The African nation's budget deficit is predicted to double in 2016.
The IMF managing director is visiting Nigeria as the country struggles to deal with a global oil slump.