The Minister of Finance, Budget and National Planning, Zainab Ahmed, has stated that Nigeria is facing its worse economic down turn in history, all thanks to covid-19 and and the fall of oil price, the funds expected for the 2020 budget has bewn hit hard by the economic bad frame.
The minister said, “The net oil and gas revenue inflows to the federation account in Q1 2020 amounted to N940.91bn. This represents a shortfall of N425.52bn (or 31.1 per cent of the prorated amount).”
The minister said, “The net oil and gas revenue inflows to the federation account in Q1 2020 amounted to N940.91bn. This represents a shortfall of N425.52bn (or 31.1 per cent of the prorated amount).”