May 5, 2020 / 11:43 AM / in 23 days

Nigeria amending 2020 budget assuming oil at $20 per barrel -finance minister

LAGOS, May 5 (Reuters) - Nigeria’s government is amending its 2020 budget to assume an oil price of $20 per barrel, Finance Minister Zainab Ahmed said on Tuesday in a web conference about the impact of low oil prices on Africa’s top crude exporter.

In March she said the budget would be cut and the initial assumed oil price of $57 per barrel would be reduced. Ahmed on Tuesday also said Nigerian oil and gas projects will be “delivered much later than originally planned” due to upstream budget cuts. (Reporting by Libby George and Alexis Akwagyiram in Lagos, and Chijioke Ohuocha in Abuja; Writing by Alexis Akwagyiram; Editing by Andrew Heavens)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below