FG proposes $78 benchmark price for crude oil barrel
47 views · Published 17 October 2014 · 1:08 · Indexed 10 November 2026
Channel: TV360 Nigeria · 2014 · News & Politics
The Federal Government has proposed $78 as the benchmark price for a barrel of crude oil for the 2015 national budget. The figures were contained in the Medium Term Expenditure Framework and Fiscal Strategy Paper sent to the Senate by President Goodluck Jonathan. Jonathan said the $78 proposed oil benchmark was to ensure that planned spending was set at prudent and sustainable level and was consistent with government’s overall development set out in the Transformation Agenda of his administration.
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