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Nigeria assuming $50 oil price for 2010 budget
ISTANBUL, Oct 5 (Reuters) - Nigeria is currently basing its budget plans for 2010 on an oil price assumption of $50 a barrel although the figure could be raised higher if energy prices remain resilient, Finance Minister Mansur Muhtar said on Monday.
"For 2010 in the medium-term framework ... we have adopted a very conservative estimate of $50 per barrel," Muhtar told reporters in Istanbul.
"But there have been ongoing discussions and given the trends ... I believe that there could be scope for raising this upwards given the fact that oil prices have held up at reasonable levels," he said.
(For more Reuters Africa coverage and to have your say on the top issues, visit: af.reuters.com/ ) (Reporting by Anna Willard; Writing by Nick Tattersall)
