An economic expert, Dr Afolabi Olowookere, has said that oil revenue, in terms of contribution to federation account, fell from 46.9 per cent in 2017 to 7.4 per cent in the first half of 2022.
Dr. Ayo Teriba, the Chief Executive Officer of Economic Associates, is the Coordinator of the Technical Working Group (TWG) on Financial Sector and Capital Markets on National Development Plans MTNDP 2021-25, MTNDP 2026-30 and Nigeria Agenda 2050.
Minister of Federal Capital Territory (FCT), Muhammad Bello, has blamed the country’s comatose economy on over-reliance on oil revenue and poor tax regime.
23 Jun 2021
A day after a Federal High Court sitting in Abuja ordered the Federal Government to pay $951 million to the Bayelsa State government as arrears of the 13 per cent derivative sum due to the state...
26 Feb 2020
Last week, Nigeria Natural Resource Charter (NNRC) in its Benchmark Exercise Report (BER) revealed that Nigeria has made N83 trillion from oil and gas in the last 37 years.
19 Feb 2018
By exhuming the ‘politically buried’ onshore/offshore dichotomy debate, the ruling All Progressives Congress (APC) has started another round of controversy over territorial limitation of oil wealth control between the Federal Government and littoral oil-producing states. A committee set up by the ruling party, apparently to douse the tension raised by strident agitation for restructuring of…
1 Oct 2017
In the face of dwindling crude oil patronage around the world, Delta State Governor, Senator, Dr. Ifeanyi Okowa, has called for diversification of the national economy through development of non-oil sector, using oil revenue.
15 Jan 2017
For instance, Kaduna State governor, Nasir El-Rufai at the beginning of this year, told the citizens that his administration would embark on more projects that would facilitate development and growth in the state.