Business
Budget 2015: FG has no plans to review oil benchmark – Okonjo-Iweala
The Minister Of Finance, Dr Ngozi Okonjo-Iweala, said on Tuesday said that the Federal Government had no plans to review the oil benchmark for the 2015 budget. This is contained in a statement issued in Abuja by the minister’s spokesperson, Mr Paul Nwabuikwu.
“We are not reviewing the budget benchmark price at the moment. The price of oil is still quite volatile and we do not know how it will pan out. We are taking a scenario-based approach in handling the 2015 budget,’’ he said According to him, there are additional measures to take care of the sliding oil prices. He also said that the Medium Term Expenditure Framework (MTEF) was currently at the National Assembly.
“ We have been working together with our lawmakers to ensure that we steer the country in the right direction during this period,’’ Nwabuikwu said.
-
News1 day agoCardoso formally receives Central Bank of the Year Award
-
Economy1 day agoNigeria’s Digital Boom needs nuclear power partnerships for long-term success
-
Finance1 hour agoElon Musk becomes world’s first trillionaire as SpaceX shares soar on stock market debut
-
Uncategorized1 day ago
June 12 Democracy Day declaration not enough, as citizens wallow in pain – ActionAid, FG declares Friday public holiday
-
Stock Market56 minutes agoFG to raise N4trn bond to settle electricity debt
-
Oil and Gas1 day agoNNPC is house of thieves, fraud; Kyari must be arrested dead or alive to account for N210 trillion—Oshiomhole
-
Oil and Gas1 day agoDangote Refinery seeks $1bn private placement ahead of planned listing
-
News1 day agoMiddle East Conflict sends global growth to lowest rate since COVID-19, WBG to Provide up to $100bn for Affected countries over 15 Months—WBG