2018 budget passage, a relief to the nation – FRC



2018 budget passage, a relief to the nation – FRC

By Folasade Folarin

Mr Victor Muruako, Acting Chairman, Fiscal Responsibility Commission (FRC), says the passage of the 2018 Appropriation Bill by the National Assembly is a relief to the nation.

Muruako said this while speaking to the News Agency of Nigeria (NAN) on Thursday in Abuja, in reaction to the recent passage of the budget.

He said it would also bring hope to the populace and boost the economy.

He also said the crude oil benchmark which was increased from 45 dollars per barrel to 51 dollars per barrel was the right thing to do, considering the current rice of crude oil globally.

“The crude oil price benchmark is very realistic because if you look at the current crude oil price you will see that 51 dollars is fair enough, because the essence of these things is not to have an unrealistic estimate.

“Presently, crude is going for 78 to 80 dollars per barrel and I think 51 dollars is even conservative but it is…

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