Tag
OIL REVENUE
President Bola Tinubu said Nigeria’s economy is flawed because of its reliance on exploitation of oil revenues alone.
SERAP urged President Tinubu to name and shame anyone suspected to be responsible for the alleged corruption in the use of oil revenues and the management of public funds budgeted as fuel subsidies.
Another dismal monthly oil production count, another deficit behind the production quota granted by OPEC+, and another missed...
Nigeria generated a sum of N1.15 trillion as non-oil revenue between January and August 2021, which is 15.7%...
The FG is expected to earn up to $600 million from payments by bid winners of marginal oil fields.
The Federation Account Allocation Committee disbursed the sum of N601.11 billion to the three tiers of government in December 2020.
The FAAC disbursed a sum of N639.9 billion to the three tiers of government in October from the revenue generated in September 2020
The Federal Government's (FG) revenue shortfall continue to pose a major challenge as monthly collected revenue fell short by N387.15 billion in November. This is disclosed in the latest Economic Report released by the Central Bank of Nigeria (CBN).
The latest Economic Report released by CBN for August 2019 showed that Nigeria generated over N1.2 trillion in oil revenue between June and August 2019.
The Permanent Secretary in the Ministry of Finance,Mr. Mahmoud Isa-Dutse has clarified why the revenue allocation to the...