Nigeria’s Oil And Gas Revenue Falls 43% To ₦1.8 Trillion Despite Output Growth

Nigeria’s earnings from crude oil and gas dropped sharply by 43% in 2024, settling at ₦1.08 trillion compared to ₦1.90 trillion in 2023, according to data from the Budget Office of the Federation’s latest Budget Implementation Report for Q4 2024. Despite an uptick in oil production, total oil and gas revenue accounted for only 8% … Continue reading Nigeria’s Oil And Gas Revenue Falls 43% To ₦1.8 Trillion Despite Output Growth