Oil prices: Kwara to begin budget review on Friday

Date:

 

The Kwara State Government would on Friday begin review sessions involving heads of ministries as a step to urgently rework the N162 billion 2020 budget to align it with current global economic realities.
The budget had, among other fundamentals, been predicated on $57 per barrel of oil although Nigeria’s Brent Crude now trades at about $20 as at Wednesday afternoon due in part to the global COVID-19 pandemic.
The Commissioner for Finance and Planning, Mrs Florence Oyeyemi, announced this in a statement issued on Wednesday in Ilorin.
Oyeyemi said that the review sessions would be staggered to avoid overcrowding in line with COVID-19 safety protocols.
She said each session would feature the Commissioner, Permanent Secretary, Director of Personnel Finance and Supply (DPFS), Director Planning and Research and Statistics (DPRS) and Controller Finance and Account (CFA) of the affected ministry or agency who would attend sessions with relevant documents.
She further said that the MDAs were to check the scheduled timetable already forwarded to them to confirm the date and time of their appearance.
The commissioner added that the review sessions would hold daily, including weekends, and end on April 29. (NAN)

READ MORE  Court Raps Nnamdi Kanu's Lawyer for Unprofessionalism, Stalling Trial

Never miss a moment! Get the stories shaping Nigeria, delivered straight to your phone. Follow Peoplesdaily Newspaper on WhatsApp for breaking news, exclusive reports, and the headlines everyone will be talking about, before anyone else.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

Church Has Not Given Up on Nigeria – CAN

By Anan Geolengs The Christian Association of Nigeria (CAN) says...

Air Chief charges NAF caterers on food safety, hygiene

Air Chief charges NAF caterers on food safety, hygiene The...

From streets to school: Kaduna children reclaiming right to education

By Hussaina Yakubu ⁠‍​‍⁠⁠‌⁠‍⁠‍‍⁠​‌‌​Until recently, Musa (surname concealed) spent most...

2027 Elections: CSOs demand proof of INEC’s readiness , testing of BVAS, IReV

By Mariam Abeeb Ahead of the Independent National Electoral Commission’s...