Category: Business

January 12, 2024, 8:32 am

Budget 2024: Projected 43.9% revenue from Oil & Gas unrealistic – Analysts

Budget 2024: Projected 43.9% revenue from Oil & Gas unrealistic – Analysts

Analysts at Afrinvest Securities have said that the expectation of the Federal Government that 43.9 percent or N8.0 trillion of the projected revenue in the 2024 budget would come from the oil and gas sector is unrealistic given the cut in Nigeria’s oil quota by the Organization of Petroleum Exporting Countries (OPEC).

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