2018: Senate overrules Buhari, jacks up crude oil price, heads to two weeks break *Budget passes second reading

By Editor on 05/12/2017

Share on facebook Yahoo mail icon Gmail icon

Views: 239

The Senate has passed the Medium Term Expenditure Framework (MTEF) for 2018 to 2020.

In passing the MTEF on Tuesday, the Senate, however, increased the benchmark price of crude proposed by the Federal Government from 45 to 47 dollars per barrel.

Also, the lawmakers approved 2.3 million barrels oil production per day, an exchange rate of 305 naira to a dollar as well as N1.69 trillion new borrowing.

Meanwhile, the Lawmakers at the upperchamber has passed the 2018 Appropriation Bill for second reading. The bill was referred to the Committee on Appropriations for further legislative action.

The upper chamber of the National Assembly has also adjourned plenary to December 19, 2017, to allow the standing committees to hold budget defence sessions for federal ministries, departments and agencies.


Posted on December, 5 2017

Share on facebook Yahoo mail icon Gmail icon

You may also like...
BREAKING: Many feared dead in Maiduguri suicide attack...

NFF apologises after Eagles' AFCON setback, vows revival...

Akpabio, Udom hit Abeokuta, consult Obasanjo

UBA posts N18billion 2016 first quarter

BREAKING: IG orders immediate reoganisation of SARS, after...

Polls: Jonathan, Buhari sign peace deal

More evidence nails Buhari's COS in fresh bribery...

Supreme Court knack Spotlight 3-2, bag first NNL...

Fresh 2016 budget arrive NASS, as Senators finger...
Latest News Withdrawal order: Police IG fires warning shot to Unit Commanders Poland friendly: Mikel, Etebo, Ajayi ruled out as Eagles begin training *Ezenwa, Akpeyi expected on Wednesday Excitement galore as FCTA hosts NYG Athletes, Officials BREAKING: 17-year-old assailant, gunned down in another US school mass shooting Dapchi: AI Report exposes Buhari’s conspiracy – PDP *NASS must conduct independent probe Obi, other SDG experts speak at UN event in Germany Dickson: We’ll bring back PDP defectors *Rallies support for Secondus Killing spree continues as Gunmen kill three in Kogi *Wake up and act, Sultan of Sokoto warns Buhari Police Sergeant, three others rob Deputy Governor, arrested BREAKING: Minister slaps Lawmaker, earns suspension in Lusaka


Most Read BREAKING: Ronaldo, Messi, Neymar clinch final Ballon d'Or shortlist, Suarez snubbed (36,419 views) You must release Kanu, give us justice or we keep bombing – Gen. Ben (23,967 views) Seven 'killer' SARS officers arrested in Anambra for murder (21,794 views) I must redeem Ndigbo or die trying – Nwodo *We're quite uncomfortable in Nigeria (20,766 views) Biafra: I’ll lead negotiation with agitators – Okorie *Warns against force (13,858 views) Okorie to Buhari: Your gvt can’t be killing Ndigbo and offering B’Haram amnesty (12,989 views) BREAKING: Again DSS shuns court order, hedges on Kanu's release (12,160 views) BREAKING: Upset, as Ugwuanyi appoints Queen of 419 into cabinet (10,930 views) Catholic bishops to Mbaka: Your prophesies could be brain wave (10,106 views) Biafra: S’East governors, Ohanaeze to meet Buhari over Kanu (10,069 views)


News Appointments (140) Business (255) Crime (653) Economy (422) Education (162) Entertainment (89) Fashion and Style (6) General (260) Health (288) Inside Africa (225) Interviews (14) National (653) Politics (1952) Press Releases (3) Religion (132) Security (1078) Sports (1851) Technology (19) World News (401)


CBN banner advert

Chelsea Outdoor

Veleta banner

FRSC Officials vs Woman Driver on highway



Newsletters Subscribe to Whirl Wind News newsletters today and get breaking news and updates delivered to your mailbox!

Sign up