Nigeria: Finally, Senate, House Resolve Oil Benchmark Impasse

18 December 2013

After days of intense negotiations on the appropriate oil benchmark for 2014 budget, the conference committee of the National Assembly assigned to resolve the impasse has finally adopted $77.5 per barrel as the oil benchmark.

THISDAY learnt that the resolution followed the intervention of principal officers of both chambers, who separately met with Senate President David Mark and Speaker, House of Representatives, Hon. Aminu Tambuwal, after the harmonisation committee adjourned indefinitely last week over its failure to reach a compromise on the oil benchmark.

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