One thing that came clear in the 2018 budget proposal is the unquestionable resolve of the Federal Government to stimulate economic growth in the ensuing year. Part of the assumptions that will produce the N2.44trillion oil revenue is a daily production of 2.3 million barrels of oil daily. Realizing the oil revenue target is contingent on two factors; the first is that oil price has to remain high. Given the current situation in the Middle East, oil price is likely to continue to rally. If oil price should slide, will the government be able to generate as much oil revenue as it projects?

Source: Nigerian Tribune November 13, 2017 02:37 UTC