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SUBSIDY REMOVAL: BUDGIT CALLS FOR HOLISTIC REFORMS IN THE OIL SECTOR We have always called for subsidy removal because it has been used as a conduit for corruption.However, we are

Hello Nigerians, let’s talk about FUEL SUBSIDY!• In 13 years, Nigeria spent at least N10 trillion on subsidy• NNPC cabal possibly swallowed extra N11.8bn subsidy in June 2017• Despite equalization

NNPC made a total of $15.46BN from the sale of 361.77 million barrels of crude oil in 6 months.N883.71BN was remitted to FAAC from Naira payments.N41.97bn was spent on pipeline

THREAD: What do you know about state financials - DEBT & REVENUE:2019 IGR for states reveals that Lagos State accounts for 29.88% of IGR collected by states. Rivers is also

As crude oil prices fall below $35/bbl, recent abuse of Nigeria’s Sovereign Wealth Fund framework including the illegal transfer of $1.76bn to Governors during election campaign & illegal use of

THREAD: @FinMinNigeria has submitted a revised budget proposal of N10.27tn to NASS. This is UNUSUAL as deficit (N5.2tn) is higher than projected revenue (N5.08tn). FG might borrow more than earn