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.
-
News22 hours agoCardoso formally receives Central Bank of the Year Award
-
Economy22 hours agoNigeria’s Digital Boom needs nuclear power partnerships for long-term success
-
Oil and Gas22 hours agoNNPC is house of thieves, fraud; Kyari must be arrested dead or alive to account for N210 trillion—Oshiomhole
-
Oil and Gas22 hours agoDangote Refinery seeks $1bn private placement ahead of planned listing
-
Uncategorized22 hours ago
June 12 Democracy Day declaration not enough, as citizens wallow in pain – ActionAid, FG declares Friday public holiday
-
News22 hours 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
-
News22 hours agoHigh cost of cooking gas‘ll negatively impact environment, health, CPPE warns