Abuja- As President Goodluck Jonathan prepares to present the 2014 budget before a joint session of the National Assembly, the House of Representatives on Thursday recommended that the crude oil benchmark be pegged at $79 per barrel.
The decision of the whole House is different from what President Jonathan submitted to the two chambers of the National Assembly for approval reports Channels TV..
Jonathan had proposed a $74per barrel in the 2013-2015 Medium Term Expenditure Framework (MTEF).
The price was also in sharp contrast with the $76.5 per barrel approved last week by the Senate and House Joint Committees on Finance and Appropriation.
At the end of the meeting, 79 lawmakers supported adopting $79 per barrel as the oil benchmark while 62 others stuck with Jonathan’s proposal of $74 per barrel.
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