The oil and gas industry, long considered the backbone of Nigeria’s economy, now finds itself in the throes of a deepening crisis. Once a symbol of the nation’s prosperity, the sector has been grappling with a series of challenges that threaten its stability and future. From declining production levels to[Read More…]
Tag: Unraveling the Crisis: Navigating the Turmoil in Nigeria’s Oil and Gas Industry
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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…]