2015 Budget Implementation Report

The 2015 budget of N5.06tn was anchored on the projected oil price benchmark of $53 per barrel but averaged $43.69 in Q4 2015. The significant reduction owes to the instability of international market prices for crude oil barrels. The volume of production was pegged at 2.28mbpd at an average of 400,000 barrels for local use. Nigeria witnessed a series of pipeline vandalism and oil well attacks cutting Nigeria’s actual production to 2.19mpbd in Q4 2015. Here’s our analysis!
bookPages: 22
File Type: PDF
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Budget implementation Report

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