The Economic Management Team (EMT) has approved the creation of an inter-agency committee to harmonize macroeconomic assumptions used in government budgeting and planning. The decision was made during a meeting in Abuja, following a joint budget retreat and technical validation workshop. The committee will align assumptions on crude oil price, production volumes, exchange rate, inflation, and non-oil revenue projections. This move aims to address budget under-performance linked to inconsistent assumptions.
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