Budget 2020: Hard Times Beckon as Oil Prices Drop

There are indications that Nigeria’s economic situation will bite harder on the people in 2020 fiscal year as the federal government adjusts to the realities of dwindling oil prices. Oil revenue is projected to decline by about N1.32trillion impacting negatively on capital expenditure which is expected to drop by N1.14trillion, thereby slowing down economic growth. Bamidele Famoofo reports


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