Budget 2023 Runs Into Trouble As Crude Output Crashes By 470,000 bpd
Implementation of the 2023 budget of N21.8 trillion is currently threatened as the nation has suffered a shortfall in crude oil output, amounting to 470,000 barrels per day, bpd in August 2023. This represents 29 per cent fall from the budget benchmark of 1.69 bpd. At the current global market price of $92 per barrel,…
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