Nigeria: 'Fg Will Reverse Budget Benchmark If Oil Price Drops Below $60/Barrel'

12 December 2018

Lagos — The Federal Government will be forced to reconsider its oil price benchmark for the 2019 budget estimates if the global oil price drops below $60 per barrel, analysts at FSDH Research have said.

The head of research of FSDH, Mr Ayodele Akinwunmi, disclosed this at the monthly media briefing in Lagos.

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