{"id":22388,"date":"2020-03-09T18:38:59","date_gmt":"2020-03-09T18:38:59","guid":{"rendered":"https:\/\/www.africa-press.com\/nigeria\/?p=22388"},"modified":"2020-03-09T18:38:59","modified_gmt":"2020-03-09T18:38:59","slug":"nigeria-to-cut-budget-in-face-of-oil-price-crash-finance-minister","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/all-news\/nigeria-to-cut-budget-in-face-of-oil-price-crash-finance-minister","title":{"rendered":"Nigeria to cut budget in face of oil price crash -finance minister"},"content":{"rendered":"

ABUJA, March 9 (Reuters) – Nigeria will cut size of its budget in the face of sharp declines in the price of crude oil, the nation\u2019s finance minister told reporters on Monday.<\/p>\n

Zainab Ahmed, speaking in Abuja after a meeting with President Muhammadu Buhari, said a committee including herself, the minister of state for petroleum, the head of state oil company NNPC and the central bank governor would determine the size of the budget cut in the coming days and revisit the benchmark crude oil price of $57 a barrel used to calculate the budget.<\/p>\n

Benchmark Brent crude futures were down 19.5% at $36.43 a barrel by 1449 GMT.<\/p>\n","protected":false},"excerpt":{"rendered":"

ABUJA, March 9 (Reuters) – Nigeria will cut size of its budget in the face of sharp declines in the price of crude oil, the nation\u2019s finance minister told reporters on Monday. Zainab Ahmed, speaking in Abuja after a meeting with President Muhammadu Buhari, said a committee including herself, the minister of state for petroleum, […]<\/p>\n","protected":false},"author":62,"featured_media":18218,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,30],"tags":[347,434],"class_list":["post-22388","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-community","tag-abuja","tag-nnpc"],"yoast_head":"\nNigeria to cut budget in face of oil price crash -finance minister - Nigeria<\/title>\n<meta name=\"description\" content=\"ABUJA, March 9 (Reuters) - Nigeria will cut size of its budget in the face of sharp declines in the price of crude oil, the nation\u2019s finance minister\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/all-news\/nigeria-to-cut-budget-in-face-of-oil-price-crash-finance-minister\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nigeria to cut budget in face of oil price crash -finance minister\" \/>\n<meta property=\"og:description\" content=\"ABUJA, March 9 (Reuters) - 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