The Federal Government has today proposed the slashing of the proposed oil benchmark which was earlier put at $57 per barrel for the year 2020 budget to $30 per barrel to accommodate reality.
President Muhammadu Buhari and other government officials on the helm of finance of Nigeria have convened a meeting amidst crashing crude oil price. At the meeting were; Minister of Finance, Budget and National Planning, Zainab Ahmed; Minister of State for Petroleum, Timipre Sylva; and Minister of State, Budget/National planning, Clement Agba.
The Minister of Agriculture and Rural Development, Sabo Nanono says the federal Government is considering banning fish Importation by year 2022 to encourage local production and boost revenue. The Minister made this statement in Abuja when he received a delegation of National Fish Association of Nigeria (NFAN) lead by the president of the Association, Dr. Gabriel Ogunsanya.
President Muhammadu Buhari on Tuesday launched Nigeria’s new visa policy. According to Dailytrust, the policy allows citizens of other countries to visit Nigeria without visas. However, on arrival, the visitor would commence the process of securing a visa for the duration of their stay. President Buhari while speaking at the ceremony, said the policy will improve the business environment, attract Foreign Direct Investment and boost tourism without compromising national security.