2019 Budget: Minister Allays Fears Over Oil Price Benchmark - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (F.BA)
March 28, 2019
TheMinister of Budget and National Planning Udoma Udo Udoma has allayed fears overthe oil price benchmark for the 2019 budget.
Therehave been concerns by stakeholders that the 60-dollars-per-barrel projectionwas too ambitious considering the volatility of the international crude market.
ButUdoma told a National Assembly joint committee hearing on the 2019Appropriation Bill in Abuja that there was no cause of alarm.
TheMinister, however, said the government was monitoring the oil prices asdirected by President Muhammadu Buhari, and would work with the NationalAssembly for adjustment if the need arose.i