Nigerian revenues in March fell nearly 21.5 per cent, the accountant general Jonah Otunla informed public late on Monday. That drastic decrease of government revenue resulted in lowering budget payments in March.
Jonah Otunla informed that in March Nigeria distributed $400 million less than in February.
Photo: theeagleonline.com.ng
Photo: theeagleonline.com.ng
Nigeria government revenue fell 21.5 percent of total expected revenues to 315.04 billion naira in March, that equals around $1.6bn. One fifth of the expected revenues didn’t come into the state treasury because of the pipeline shutdowns. Lower earnings from the non-oil sector also attributed the decrease of revenue in March, according to the accountant general.
Local, state and federal government received 435.06 billion naira or nearly $2.2bn In March. Jonah Otunla also informed that in February authorities of all levels received 522.05 billion naira or $2.6bn.
READ ALSO: Police Want Five Times Allocated Budget
Details of the budget are not available to Nigerians, amid an unusually high expectation of the budget’s specifics as the government struggles to minimize the impact of slumping oil price. Many Nigerians are eager to see in clear details how the government has responded.
No comments:
Post a Comment