Tag
2019 NATIONAL BUDGET
The latest economic report released by the [@cenbank] has revealed that Nigeria's oil revenue declined by N62.2 billion in May 2019. According to the [@cenbank] report, the gross revenue made from oil sales in May 2019 was estimated at N410.18 billion, up from N472.38 billion recorded in the previous month. This means Nigeria's total oil revenue drops by 15% in one month.
Nigeria's N8.83 trillion budget for the 2019 may not achieve its expected outcome, due to the projected production capacity and price of crude.