Oshiomhole had on Thursday accused the Federal Government of failing to account for about $30bn that accrued to the ECA in the last three years. The governor had said Nigeria’s budgets for the past three years had been based on an oil benchmark of $77 and $79, while the average price of the country’s crude had been $108 per barrel. This, according to the governor, gives an average surplus of $30 per barrel. “Ideally, we ought to be saving $36 per barrel on the 2.3 million barrel a day over the past three years and if you look at these numbers, you will find that what we have in our excess crude oil account should be over $30bn but as we speak, we have barely $3bn in our excess crude account. punchng/news/30bn-not-missing-fg-replies-oshiomhole/
Posted on: Sun, 28 Dec 2014 11:37:05 +0000
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