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Oil revenue: Nigeria realised ₦1.23trn out of the projected ₦9.37trn

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The Minister of Finance, Budget and National Planning, Zainab Ahmed has painted a gloomy picture of the economic downturn bedevilling the country in the 2022 fiscal year, especially through the oil revenue regarded as the mainstay of the Nigerian economy.

Speaking on the oil revenue performance for January to April before the House Committee on Finance in Abuja, the Minister said the gross oil and gas Federation revenue for the full year 2022 was projected at N9.37 trillion.

She, however, observed that the “revenue performance is expected to improve in the second half of 2022 as a result of concerted efforts to address the oil theft and pipeline vandalism.




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