Photo Credit: Punch / File
2025-12-19 11:00:00
From Punch coverage of the fiscal plan, Nigeria’s lawmakers are reportedly divided over the crude oil price benchmark proposed in the 2026–2028 Medium-Term Expenditure Framework (MTEF).
The benchmark matters because it shapes revenue projections, borrowing needs and how aggressively government can fund infrastructure and social programmes.
Verification: BusinessDay reported the disagreement over the benchmark, while Reuters-based reporting (via Channels TV) has highlighted weak oil market dynamics that could complicate pricing assumptions.
Quotes: BusinessDay: “Reps, Senate disagree over… crude benchmark…” Channels TV: “Nigerian oil struggles to find buyers…”
Analysis/Echotitbits take: Nigeria’s fiscal credibility rises or falls on realistic oil assumptions. Watch revised benchmark levels, production assumptions versus theft/vandalism realities, and whether non-oil revenue plans become concrete.
Source: The Punch — 2025-12-19 — https://punchng.com/mtef-reps-senate-disagree-over-crude-benchmark/
The Punch 2025-12-19