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ABUJA, Oct 10 (Reuters) - Nigerian President GoodluckJonathan presented the country's 2013 budget to parliament onWednesday, saying the budget deficit would fall to 2.17 percentof gross domestic product in 2013, down from 2.85 percent in2012.
He urged parliament to accept a tighter budget because ofongoing uncertainty over oil prices. Oil makes up around 80percent of Nigeria's revenues.
"This threat of oil price volatility remains constant andforces us to rely on a prudent methodology ... We've takennecessary steps to mitigate possible negative effects ... of aglobal recession," he said.
(Reporting by Camillus Eboh; Writing by Tim Cocks)
((tim.cocks@thomsonreuters.com)(+234 803 400 4248))
Keywords: NIGERIA BUDGET/