Nigerian president seeks to cut 2008 budget

ABUJA - Nigerian President Umaru Yar'Adua is seeking a cut in the 2008 from about 2.7 trillion naira (23.4 billion dollars, 15.2 billion euros) to 2.6 trillion naira, his office said Thursday.

In separate letters to both the Senate and the House of Representatives on Wednesday, Yar'Adua sent an amendment to the budget that was passed and signed into law in April after a spending row with the National Assembly.

The president had accused the parliament of inflating the budget by adding new projects outside what he proposed to the lawmakers.

Yar'Adua signed the budget after and after a compromise was reached to the effect that an ammendment bill could be proposed to take care of the area of contention.

The president is expected to present another supplementary bill this month to take care of the projected spending to fix the country's under-performing power sector.