Nigeria raises borrowing in budget as oil prices fall

President Muhammadu Buhari delivers the 2016 budget at the National Assembly in Abuja, Nigeria

Nigeria's president has announced plans to raise spending by 20% next year by borrowing heavily amid falling oil prices
In his first budget since his election victory in March, Muhammadu Buhari said he would spend $31bn (£20.8bn) in 2016 on infrastructure and the economy.
However, Nigeria has been hard hit by the falling price of oil.

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