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Oil Prices: Kwara reviews 2020 budget

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By Dele Moses, Ilorin

Kwara State Government will on Friday begin review of the N162 billion 2020 budget of the state to align with the current global economic realities.

The exercise, according to a statement signed by the state commissioner for finance, Florence Oyeyemi, would involve heads of various ministries in the state.

The budget had, among other fundamentals, been predicated on $57 per barrel of oil but Nigeria’s Brent Crude now trades at around $20 as at Wednesday afternoon, owing in part to the global COVID-19 pandemic.

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The finance commissioner, in the statement, said that the review sessions would hold at her ministry and would be staggered to avoid overcrowding in line with the COVID-19 safety protocols.

She said each session would feature the commissioner, permanent secretary, director of personnel, finance and supply (DPFS), director of planning, research and statistics (DPRS), and controller finance and account (CFA) of the affected ministry or agency who are to attend sessions with relevant documents.

Oyeyemi said the MDAs are to check the scheduled timetable already forwarded to them to confirm the date and time of their appearance.

“The review sessions will hold daily (including during weekends) from Friday April 24 to Wednesday April 29,” the statement reads.

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