FALLING OIL PRICES THREATEN BUDGET IMPLEMENTATION

There is a likelihood that the Federal Government will record a 36 per cent drop in budget implementation if oil prices do not surpass the $80 mark, with analysts saying that the nation may need the commodity to sell for $126 per barrel in order to balance the budget.

With Brent at $82 a barrel, only Kuwait, Qatar and the United Arab Emirates will earn enough to balance their budgets, according to the International Monetary Fund.

Read more @ The Punch