The Taraba State government has concluded plans to slash down its 2020 budget which was passed into law by the State House of Assembly in February. This was disclosed by the Commissioner for Budget and Planning Hon. Solomon Elisha in Jalingo on Monday while addressing journalists on the negative effects of the Coronavirus pandemic in
The Taraba State government has concluded plans to slash down its 2020 budget which was passed into law by the State House of Assembly in February.
He noted that the budget was based on crude oil production, oil price benchmark per barrel, the exchange rate of the United States dollar and inflation rates among other variables. “The daily crude oil production of the country is now less than a million barrel, the crude oil price has also plummeted to an all-time low from over 56 US dollars to be fluctuating between 20 to 30 US dollar”
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