Buhari presents N8.83trln budget for 2019

Nigerian President Muhammadu Buhari presented a 8.83 trillion naira ($28.80 billion) budget for 2019 to parliament on Wednesday, laying out a plan to drive growth two months before an election in which he will seek a second term.

The spending plan for Africa’s top oil producer assumes crude production of 2.3 million barrels a day and an oil price of $60 per barrel. Buhari’s handling of the economy – Africa’s largest by some measures – has become a campaign issue.

Source: Reuters

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