• Okays revised MTEF/FSP, raises oil benchmark to $28Despite contrary view on the composition of the Federal Character Commission (FCC), the Senate yesterday confirmed the 37 nominees forwarded to it by President Muhammadu Buhari. Abaribe, who made the observation before confirmation of the nominees’ appointments, said the two principal positions in the commission have always been occupied on North and South basis. But Deputy Senate President, Ovie Omo-Agege, countered Abaribe, saying his submission was targeted at President Buhari’s powers to nominate and appoint competent Nigerians into public office. On his part, Senate President, Ahmad Lawan, corroborated Omo-Agege’s submission by presenting names of the nominees for confirmation, which were confirmed through voice votes. Meanwhile, the Senate approved the revised Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP), raised the $25 per barrel oil price benchmark as proposed by the executive to $28 per barrel.

Source: The Guardian June 03, 2020 03:22 UTC