Nigeria: FG Earns Over N43.7 Billion Daily From Crude Sales

Abuja — Nigeria now earns an average revenue of over N43.7 billion per day from crude oil sales based on the combined daily production figure of crude and condensate which stands at 2.4 million barrels, Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, has said. This was even as the Central Bank of Nigeria (CBN) said yesterday that it had submitted its 2011 budget estimates to the minister of finance, Mr. Olusegun Aganga.

The minister said that the nation's present revenue figure followed the success of the amnesty programme for repentant Niger Delta militants which boosted oil production.

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