Foundation of Nigeria’s economy flawed by over-reliance on oil revenues — Tinubu
President Bola Tinubu said Nigeria’s economy is flawed because of its reliance on exploitation of oil revenues alone.
Tag: oil revenue
SERAP asks Tinubu to probe missing $2.1 billion oil revenue, N3.1 trillion subsidy payments of face legal action
SERAP urged President Tinubu to name and shame anyone suspected to be responsible for the alleged corruption in the use ...
Should Nigeria outsource its oil production to China?
Another dismal monthly oil production count, another deficit behind the production quota granted by OPEC+, and another missed opportunity to ...
Surge in taxes keeps non-oil revenue above oil revenue as FG generates N3.9 trillion revenue in 8 months
Nigeria generated a sum of N1.15 trillion as non-oil revenue between January and August 2021, which is 15.7% above the ...
FG to earn $600 million from Marginal oil fields
The FG is expected to earn up to $600 million from payments by bid winners of marginal oil fields.
FAAC disburses N601.1 billion to FG, States, and Local Govts in December 2020
The Federation Account Allocation Committee disbursed the sum of N601.11 billion to the three tiers of government in December 2020.
FAAC disburses N639.9 billion in October 2020, allocation drops by 6.2%
The FAAC disbursed a sum of N639.9 billion to the three tiers of government in October from the revenue generated ...
FG’s monthly revenue drops by N387.15 billion
The Federal Government's (FG) revenue shortfall continue to pose a major challenge as monthly collected revenue fell short by N387.15 ...
Nigeria generates over N1.2 trillion oil revenue in 3 months, up by 44.1%
The latest Economic Report released by CBN for August 2019 showed that Nigeria generated over N1.2 trillion in oil revenue ...
Why revenue allocation to states dropped.
The Permanent Secretary in the Ministry of Finance,Mr. Mahmoud Isa-Dutse has clarified why the revenue allocation to the 3 tiers ...
