Presidency debunks claims of N7.98trn oil windfall
The Nigerian Presidency has officially denied claims made by former Vice President Atiku Abubakar regarding a N7.98 trillion oil windfall. Officials clarified that revenue figures are impacted by production shortfalls and previous loan obligations rather than simple price-volume calculations.
Why it matters
This highlights ongoing political tension and economic transparency debates in Nigeria regarding fiscal management and oil revenue reporting.
Presidency debunks claims of N7.98trn oil windfall - Businessday NG
Presidency debunks claims of N7.98trn oil windfall
….Projects 12% inflation by December, 2026
Presidency on Sunday debunked claims by former Vice President Atiku Abubakar that Nigeria gained N7.98 trillion as windfall from the recent Middle East war, between the United States of America and the Republic of Iran. Bayo Onanuga, Special Adviser to the President on Information and Strategy, in a statement, titled ” Facts, Not Fear: A Point By Point Response To Atiku Abubakar On Nigeria’s Reform Journey”, said “There is no such windfall of N7.98 trillion”.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in