Nigeria – $79 Oil Benchmark for 2013 Budget

Nigeria – $79 Oil Benchmark for 2013 Budget

The two chambers of the National Assembly yesterday harmonised their divergent positions and adopted $79 per barrel as the recommended oil benchmark for the 2013-2015 Medium Term Expenditure Framework(MTEF) and Fiscal Strategy Paper.
The House’s Committee on Legislative and Budget and Research is proposing an amendment to Section 81 of the Constitution to make it mandatory for the president of the country to present the Federal Government’s budget for the succeeding year on September 30.
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