(Reuters) - Nigeria used 274 billion naira of savings in the first four months of 2007 to plug a revenue shortfall due to militant attacks that have cut oil output, the official in charge of accounts said on Thursday.
Nigeria's 2007 budget is based on the assumption that the country produces 2.5 million barrels per day (bpd) of crude oil at $40 per barrel. But production has fallen short due to attacks on oil facilities in the lawless Niger Delta.
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