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Atiku faults FG’s borrowing spree amid N7.98 trn oil windfall

Atiku faults FG’s borrowing spree amid N7.98 trn oil windfall

By GhanaSummary NewsroomNigeria

He said an ADC administration under his leadership would pursue a different approach, with every kobo earned above the budget oil benchmark transparently accounted for and managed under a rules-based fiscal framework, and excess revenues deployed to reduce the nation’s debt burden, strengthen fiscal buffers, and invest in infrastructure, education, healthcare, and agriculture.84 per barrel, the average price of Brent crude, the benchmark for Nigerian oil, has remained around $92 per barrel between March 1 and July 14, with Nigerian crude typically trading at a premium above Brent.98 trillion windfall from high international crude oil prices.

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