Lagos — Ahead of the eventual presentation of the 2009 Budget to the National Assembly has come the news that governors of the 36 states of the Federation have agreed with the Federal Government over the benchmark crude oil price for the 2009 budget.
From the demand of $50 per barrel, the governors finally accepted that the proposal for $45 per barrel is more realistic. With wide spreading recession and tumbling oil prices, it was surprising that the governors who have finance commissioners and economic advisors had to wait to be convinced at last week's economic council meeting.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article