By Michael Eboh One of the first major tasks the administration of Gen. Muhammadu Buhari will have to contend with will be how to finance the 2015 budget in the wake of low oil price and rising threats from declining revenue. This becomes very critical when viewed against the backdrop of the tough economic conditions […]
Tag Archives: Budget
February 12, 2015 Source: U.S. Energy Information Administration, based on Bloomberg, International Monetary Fund Saudi Arabia is the largest exporter of crude oil and other petroleum liquids in the world, and their oil exports accounted for 89% of the country’s total revenue in 2014. The recent decline in global oil prices is decreasing the value […]
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By Ben Agande, Emma Ovuakporie, Johnbosco Agbakwuru, Joseph Erunke & Levinus Nwabughiogu ABUJA—PRESIDENT Goodluck Jonathan will today present the 2015 budget proposal of N4,357.96 trillion to the National Assembly. President Jonathan in a letter to both the Senate and the House of Representatives which was read on the floor of the two chambers also showed […]
President Ellen Johnson Sirleaf has signed the 2014/2015 fiscal budget into law, but has vetoed a line item which calls for signature bonus in the amount of US$ 25 million on account of oil blocks. According to an Executive Mansion release, the Liberian President said in good conscience she had decided to exercise the right […]
