FG earned N5.04tn from oil in 11 months – CBN

The oil revenue, according to the CBN economic report for November, was lower than the N8.77tn revenue target provided for in the 2019 budget for the 11-month period.

A monthly breakdown of the oil revenue showed that N417.3bn was earned in January, while February, March, April, May and June had N479.5bn, N516.9bn, N472.4bn, N410.2bn and N336.6bn respectively. The decrease in oil revenue, relative to the monthly budget estimate, was attributed to shut-ins and shut-downs at some NNPC terminals.The report read in part, “Oil receipt, at N489.08bn or 56.9 per cent of total revenue, was below both the monthly budget of N798.83bn and the preceding month’s receipt of N577.30bn by 38.8 per cent and 15.3 per cent respectively.

Used $16.9B or N5.01tn to defend the Naira. Zero sum game.

Where is the money ooh. Moreover the states and federal government are busy borrowing to finance their respective budgets

Breaking news of the year

Audio money!

And still wants to borrow how many Trillions dey say. Nonsense! discanonlyhappeninniheria courtesy of Buhari-led APC govt

Saka

😀😁😂

Quote these Trillion Naira sums in $ or £ to help some of us not good in maths make a better sense of it. What is 5.04 Trillion Naira?

And spent how much on money?

So, why we want to borrow $30B, What about the money you claimed to have been collected from Looters What are you doing with it...... ? APC..... Unah Weldon

Audio money

Before or after under-recovery?

It’s plenty

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