2013 budget in trouble before endorsement

Indications are that the 2013 budget is already facing challenges and may not be fully implemented. The budget may have to be reviewed with the oil bench assuming a far lower benchmark than the $75 proposed by the executive. This is because Nigeria crude oil sale is facing difficulty finding market.

The United States of America which takes a huge chunk of Nigeria crude will from this month, January add about 900,000 per day to its daily production of 6.5million barrel per day thus raising its total output to 7.4 million barrel per day. Read more

About Author: Integrity Org

Integrity Organization is committed is an anti-corruption, research and advocacy organization. Its activities are centered on the aim to reduce the tolerance for corruption in Nigeria.

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