The Minister of Finance, Budget and National Planning, Zainab Ahmed, has explained that the Federal Government reviewed oil price and other key parameters in its projections for the 2022-2024 budgets to reflect present realities.
She disclosed this while presenting the draft 2022-2024 Medium Term Expenditure Framework and Fiscal Strategy Paper before the House of Representatives Committee on Finance on Monday.According to her, oil price benchmark was put at $57 per barrel for 2022 and 2023 while placed at $55 per barrel for 2024.
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