Hajiya Zainab Ahmed, the Minister of Finance, Budget and National Planning, who briefed State House Correspondents after a meeting with President Muhammadu Buhari, said a five-man committee has been constituted to tackle the issue.
According to the Minister, the membership of the committee include herself; the Minister of State, Budget and National Planning, Clement Agba; the Minister of State, Petroleum Resources, Timipre Sylva; the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele; and the Group Managing Director (GMD), the Nigeria National Petroleum Corporation (NNPC), Mele Kyari.
Zainab further said, the committee would revisit the crude oil benchmark price earlier put at $57 per barrel by reducing it.
She added that the decision to reduce the crude oil benchmark price would, however, be taken by the five-man committee she was leading.
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