Senate Set to Adopt 78 dollars Oil Benchmark for 2015 Fiscal Year

Senate is set to adopt the proposed 78 dollars as the country’s oil price benchmark for 2015 fiscal year.
This was made known at the joint meeting on 2015-2017 Medium Term Expenditure Framework organised by Senate Committees on Finance, National Planning, Economic Affairs and Poverty Alleviation. Chairman Senate Committee on Finance, Ahmed Makarfi, who presided, said the process will be concluded before a final decision is taken.  But he added that the various committees do not have any major objections on the proposed figure.