Senate Slashes Oil Benchmark, Okays ₦17.88 Trillion Borrowing For 2026
The Senate has reduced the oil price benchmark for the 2026 fiscal year from $64.80 to $60 per barrel in the proposed ₦54.46 trillion Federal Government budget framework, while retaining all other macroeconomic and fiscal projections contained in the 2026-2028 Medium Term Expenditure Framework and F...
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Verified on Dec 24, 2025