The clerk of the National Assembly, Mohammed Sani-Omolori, made this announcement in a memo dated May 26.
“…We are also not unmindful of one important issue – the amendment of the 2020 Appropriation Bill and the MTEF FSP which we passed in December,” Mr Lawan had said. “As soon as we have the request from the president on the budget and MTEF, we should be able to come back as soon as possible even if it is within the recess period. Because that is what the country is waiting for especially in the light and direction of the pandemic.
The new budget proposal reduces the oil benchmark from $57 per barrel to $30 per barrel while the oil production volume was reduced from about 2.2million barrels to 1.7 million barrels.
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