(Reuters) - Nigeria's savings from high international oil prices stood at $9.57 billion on April 25, a month before President Olusegun Obasanjo is due to stand down, the central bank said on Thursday.
Oil prices have been consistently above the country's budgeted price since 2000, and Africa's top oil producer has been saving this excess since 2003 when Obasanjo introduced a series of IMF-backed budget reforms.
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