Nigeria: Federal Govt Earned $14.5 Bn From Crude Oil, Gas Sale in 2017 - Neiti

Nigeria realised about $14.5 billion from the sale of the federation share of crude oil and gas produced in 2017, a report on a pilot study on commodity trading by Nigeria Extractive Industries Transparency Initiative (NEITI) disclosed.

The amount was realised from the sale of about 240.9 million barrels, or 35 per cent, allocated to the federation, out of a total volume of about 692 million barrels produced during the year.

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