ABUJA, June 10 (Reuters) - Nigeria's House of
Representatives on Wednesday passed a revised 10.8 trillion
naira ($30 billion) budget based on oil prices at $28 per
barrel.
The budget is 300 billion naira above the budget submitted
by President Muhammadu Buhari late last month, and increases the
expected oil price by $3 per barrel. The government had planned to cut its record 2020 budget due
to the coronavirus pandemic and an oil price plunge, but the
version passed by the House is above the 10.59 trillion naira
level approved by Buhari in December. ($1 = 360.0000 naira)