Showing posts with label Setback. Show all posts
Showing posts with label Setback. Show all posts

Monday, 9 May 2016

Buhari's UNREALISTIC N6 Trillion 2016 budget suffers major setback as Nigerian revenue falters. May lose N1.4trn

Buhari's UNREALISTIC N6 Trillion 2016 budget suffers major setback as Nigerian revenue falters. May lose N1.4trn
Despite reduced oil production and international price of crude oil, General Muhammadu Buhari presented an unrealistic N6.07 trillion budget. It has now emerged that the budget belatedly signed into law on by Buhari may have started suffering a major cash flow setback from oil revenue as prices shed $5 per barrel as at last weekend while output dropped further due to Chevron facility bombing just before the budget was signed, Friday.