The 2022 budget has a deficit of N6. 26 trillion, which has forced the federal government to issue new borrowings. In the 2022 budget, the federal government pegged the crude oil benchmark at $73 bpd with the projected oil production put at 1.88 million bpd. Nigeria only managed to hit just 1.158 million bpd in the June assessment after it fell to a record low of 1.024 million bpd in the…
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