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Nigeria's President presents Sh2.86tr budget for 2019

Nigeria's President Muhammadu Buhari adjusts his translation device during a news conference at the presidential villa in Abuja, Nigeria. [Photo: Reuters]

ABUJA (Reuters) - Nigerian President Muhammadu Buhari presented a 8.83 trillion naira ($28.80 billion) budget for 2019 to parliament on Wednesday, and laid out a plan to drive growth two months before elections.

The spending plan for Africa’s top oil producer assumes crude production of 2.3 million barrels a day, an oil price of $60 per barrel and an exchange rate of 305 naira to the dollar.

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