VOL. XLVII
No 13
29-March-2004
BUDGETS AND REVENUES
Nigeria Raises 2004 Budget Oil Price Assumption To $25/B
The Nigerian Senate and House of Representatives have voted unanimously to raise the benchmark oil price assumption for the countrys 2004 budget from the original estimate of $22-23/B (MEES, 17 November 2003) to $25/B. According to the Chairman of the House Committee on Finance, Farouk Lawan, the decision was made because the international price of crude oil for the first quarter of the...
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