The Minister of Budget and National Planning Udoma Udo Udoma has allayed fears over the oil price benchmark for the 2019 budget.
There have been concerns by stakeholders that the 60-dollars-per-barrel projection was too ambitious considering the volatility of the international crude market.
But Udoma told a National Assembly joint committee hearing on the 2019 Appropriation Bill in Abuja that there was no cause of alarm.
The Minister, however, said the government was monitoring the oil prices as directed by President Muhammadu Buhari, and would work with the National Assembly for adjustment if the need arose.i
