Tumbling oil prices force Senate to cut Budget 2015

The Senate yesterday reduced some subheads of the 2015 budget —no thanks to tumbling oil prices.
It demanded immediate submission of the details of the N360.94 billion Service Wide Vote, which some of the lawmakers described as nebulous.
This is contained in the 2015-2017 Medium Term Expenditure Framework (MTEF) and the Fiscal Strategy Paper (FSP), which the upper chamber debated and adopted. Read more

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