Nigeria fails to realize 65% projected oil revenue in six month

FG spent N6.46trn on debt servicing

…As Ahmed laments many headwinds troubling economy The woes around funding reviewed 2020 budget have deepened for the Federal Government as only 35 per cent of the projected revenue from oil source as stipulated in the budget was realized in the first half of 2020 fiscal year. Zainab Ahmed, Minister of Finance, Budget and National Planning, gave this hint at the Konrad Adenauer Stiftung (KAS) capacity building for special advisors and technical assistants of the ministers, lamenting that expected money from oil fell by 65 per cent within the six…

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