The extant MTEF 2022-2024 is benchmarked on $62 per barrel of crude oil. This is founded on the increased price of crude oil arising from the Russia-Ukraine War. This is not even about some petty criminals stealing crude oil in jerry cans and pots. The Buhari regime’s favourite story of previous administrations selling crude oil for over $100 has suddenly gone out of fashion considering the current price of crude oil. Yet, the same administration presides over the inflation of consumption figures for oil subsidy claims.

Source: Punch April 11, 2022 07:32 UTC