Nigeria: Govt Won't Review 2020 Budget Benchmark Price Over Saudi Oil Facility Attacks, Says Ahmed

16 September 2019

Abuja — The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has declared that the federal government is not in a hurry to embark on an upward adjustment in the benchmark price of oil for the proposed 2020 budget following the attacks on Saudi Arabia's oil facility which has resulted to a spike in global crude prices.

The proposed budget is predicated on a benchmark price of $55 per barrel, but the Saudi attack pushed oil prices to between $60/b and $66/b Monday.

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