Lagos — More clarification have emerged as to why the National Assembly may have moved the oil price benchmark from earlier $57 to $60. First among the reasons is the planned mega spending on capital infrastructure.
The clarification is coming on the heels of a recent agreement between the National Assembly and the federal ministry of finance to increase planned budgetary spending for 2010 above the president's proposed $27 billion.
...
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