For too long, the story of Nigeria’s oil sector has been one of unfulfilled potential: vast reserves hampered by theft, vandalism, and underinvestment. This has left the nation’s budget vulnerable, its foreign exchange earnings precarious, and its economic stability often at the mercy of global oil price fluctuations. However, recent[Read More…]
Tag: Crude Comeback? Oil Production and Nigeria’s Revenue Outlook


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FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]
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