Politics 2014 Budget: Nigeria's House of Reps Recommends $79 per Barrel Oil Benchmark

On Tuesday, the House of Representatives resolved to retain $79 per barrel as the bench mark for oil price for the 2014 budget.

Honourable Victor Ogene, Deputy Chairman, House Committee on Media and Public Affairs, said that the the house had agreed to leave the benchmark of oil at $79 per barrel.

“The Conference Committee between the House and Senate began its work yesterday (Monday) and last week, as a house, we told you why we had to mandate almost the same set of members to represent us on that committee.

“As you know the position of the house as we speak is on 79 dollars per barrel for crude as benchmark.

The house of representatives, however said it was open to the suggestions of other members of Medium Term Expenditure Framework (MTEF)

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