THE administration of President Muhammadu Buhari earned N16.647 trillion from the oil and gas industry in its first tenure, from May 2015 to April 2019.

According to data obtained from various reports of the Central Bank of Nigeria, CBN, the country’s earnings from the petroleum industry was from crude oil and gas sales, royalties, Petroleum Profit Tax, PPT, and other sources.

The money was earned by Nigeria only and does not include earnings by oil and gas companies operating in the country. The total oil revenue represented the amount that was later shared to the Federal, State and Local Governments after the inclusion of non-oil revenue, as well as after other deductions and transfers.

However, from the reports, it was observed that the amount earned by Buhari in the first four years of his administration was 43.6 per cent lower than the N29.514 trillion earned by the administration of President Goodluck Jonathan from May 2011 to April 2015.

Giving a breakdown of oil revenue recorded during the Buhari administration, the CBN reports stated that from May 2015 to December 2015, oil revenue stood at N2.3 trillion; in 2016, 2017 and 2018, earnings from the industry stood at N2.693 trillion, N4.109 trillion and N5.63 trillion respectively, while from January to April 2019, the country earned N1.882 trillion.

On the other hand, the administration of President Goodluck Jonathan earned N29.59 trillion from the petroleum industry, broken down into N6.321 trillion from May 2011 to December 2011; N8.094 trillion, N6.809 trillion and N6.793 trillion in 2012, 2013 and 2014 respectively, while from January to April 2015, the administration recorded oil revenue of N1.497 trillion.

The amount earned by the Buhari administration in its first tenure represented 61.42 per cent of the country’s budgets for 2015 to 2018. Specifically, between 2015 and 2018, the Federal Government’s total budgets stood at N27.1 trillion.

In 2015, 2016, 2017 and 2018, the Federal Government’s budget estimates were N4.5 trillion, N6.06 trillion, N7.44 trillion and N9.1 trillion respectively.

Commenting on earnings from the petroleum industry during the Buhari administration, the immediate past president of the Nigerian Association for Petroleum Economists, NAPE Professor Omowumi Iledare, argued that the money was better utilized.




https://www.vanguardngr.com/2019/10/buhari-administration-earned-n16-6trn-from-oil-in-four-years/amp/

Ghanaian actress Says: if a movie director hasn’t asked to sleep with you then something wrong with you



Read more here; https://maniagist.com/2019/10/15/ghanaian-actress-says-if-a-movie-director-hasnt-asked-to-sleep-with-you-then-something-wrong-with-you/

Kill and divide

Yet the senile old man borrowed thrice the amount the previous government ever borrowed during its stint.Too bad.

U mean Nigeria earned ...this analysis is so flawed

13% derivation is their
Nddc funding is here
Then federal government gets 55% of the rest local government n state share the rest

Nigeria earns not federal government

And absolutely nothing to show for it

Which goes to show that Nigeria is so Rich in Natural Resources that we are so poor!

Thank God for type of Leaders we have. If not for them this county would've been poor

Anyway, l will Build a Professional Logo for your Product or Company For 2k Only. Offer valid today only. See my info below to Chat me up on What'sapp

Money wey States and Local governments take dey form Don Jazzy.

Federal Government dey even try with wet in dem dey do with their share from FAAC.

What do the States and LG's do with theirs?

Whoever wishes to come here to call out the present regime had better check out the figures accrued to GEJ's regime and throw same sticks.

Nothing is working in this country

Commenting on earnings from the petroleum industry during the Buhari administration, the immediate past president of the Nigerian Association for Petroleum Economists, NAPE Professor Omowumi Iledare, argued that the money was better utilized.

The bolded sums it all up.
STEALING IS NOW CORRUPTION IN OUR NATION.
To a new and better Nigeria we go.

FarahAideed:
And absolutely nothing to show for it

Once anybody decides to be willfully blind, no matter what you push in front of his eyes, he wouldn't see. If he decides to be willfully deaf, even if there are thunder by his ears, he won't hear.

yet our budget for the four years far exceed 16 trillion

our recurrent expenditure keeps swelling


..

hmm

Lord know how much of this went in G wagons and Real estate

Ok
How then can you reconcile those figures to direct impact on the masses

Shouldn't be new to you by now
The question is why are you still waiting 
Whereas early investors are smiling already 
Start today and join other discerning investors to own a part of this project 


In its grandeur and iconic status, situated in commercial and tourist destination in  Lagos, Nigeria.
Meant to redefine Nigeria landscape sector. 
You too can be a part of this historic moment in Nigeria Real Estate sector, when you invest in it.

Buy an apartment 
Hotel room(s) 
Office space 
Live that luxury lifestyle  you want and watch as your investment grows

• Secured future 
• Lifetime of stream of increasing income 
• Oceanfront 
• Average ROI of 29% yearly 
• Tourist Attractions
• Helipad
• Museum etc
Call or whatsapp +2347 0 3 4 5 0 3 3 5 2 for details

And how did it favor Nigerians and the Nigerian economy.what are they using the money to do.

They are both useless
Both PDP and APC

Racoon:
Yet the senile old man borrowed thrice the amount the previous government ever borrowed during its stint.Too bad.

Too small. Particularly if you look at the amount earned in dollars

chai

Mamman Daura earns a lot o

one Nigeria

Buhari earned 16.6 Trillion Naira from oil and borrowed 13 Trillion Naira in 4 years. Total= 29.6 Trillion Naira in 4 years.

Yet nothing to show for it. Incompetence in its affidavit form!

post=83149436:
ok

nothing is Ok your Lord and saviour has done nothing but wasted Nigeria s money on frivolities

And the country went backwards economically in that period.

post=83149436:
ok

this one weak you abi. 'Man after god heart' shouldn't be thieving like that shd he?

When you want to make the money look big, quote it in naira.

if we earn this much, why then did we still borrow and want to borrow till date?

[s]

solmusdesigns:
yet our budget for the four years far exceed 16 trillion

[/s]

I AM OLDER TODAY THAN YESTERDAY BUT YOUNGER THAN TOMORROW . HAPPY BIRTHDAY TO ME . I AM GRATEFUL TO CELEBRATE ANOTHER WONDERFUL YEAR HERE ON EARTH.NAIRLANDER SHOW ME LOVE BIKO

However, from the reports, it was observed that the amount earned by Buhari in the first four years of his administration was 43.6 per cent lower than the N29.514 trillion earned by the administration of President Goodluck Jonathan from May 2011 to April 2015.

1.In other words, GEJ earned more from oil than Buhari did. See above.

2.That's because oil under GEJ from 2011-15 ranged between $75-130 per barrel. Under Buhari it has ranged between $29-75 (now $58)

3.The truth is, the money isn't enough. We need to be earning N50 trillion per annum (my own estimate) for us to have enough money. Especially as universites alone need N6-10 trillion yearly to maintain free education.