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INFOGRAPHICS: 2021 Supplementary Appropriation Bill
After a meeting at the Presidential Villa in Abuja, President Muhammadu Buhari has assented the 2021 Supplementary Appropriation Bill of N982,729,695,343 into law. This disclosure was made by the Senior Special Assistant to the President on National Assembly Matters, Mr Umar El-Yakub. El-Yakub said that the 2021 Supplementary Appropriation Act will largely focus on funding…
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COVID: Nigeria May Miss N2trn Oil Revenue Target
There are indications that the Federal Government may not meet the N2.01 trillion oil and gas revenue target as captured in the 2021 budget. An expert, Mr Jimi Ogbobine, Head, Agusto Consulting, who spoke at a conference convened by First Bank of Nigeria said this is due to the low energy consumption occasioned by the…
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Petrol: Subsidy And Pump Prices in Nigeria
The oil and gas industry has been a significant source of service to the Nigerian economy since 1956. Agriculture was the major source of Nigeria’s revenue through the exportation of cash crops such as rubber, hide and skin, groundnut, oil and palm kernels, cocoa, and coffee before the discovery of petroleum in Oloibiri, in the…