Where Is The Surplus Money From Yearly Sales Of Our Oil Going? - Politics - Nairaland
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| Where Is The Surplus Money From Yearly Sales Of Our Oil Going? by ugbebor(m): 1:40pm On Aug 31, 2012 |
1. Crude Oil production per day = 2.5 million barrels 2. Current Price = $133 per barrel 3. Daily Sales i.e. 2.5million barrels x $113 = $ 282.5 Million 4. Monthly Sales i.e. $282.5 million x 30 Days = $ 8.475 Billion 5. Yearly Sales i.e $8.475 Billion x 12 = $ 101.7 Billion 6. Naira equivalent i.e. $101.7 Billion x N160 = N 16.272 Trillion Nara per year. 7. Nigeria’s budget for 2012 = N4.5 Triliion Now the question is : WHERE IS THE SURPLUS GOING : source Femi falana on Channels TV |
| Re: Where Is The Surplus Money From Yearly Sales Of Our Oil Going? by Callotti: 1:52pm On Aug 31, 2012 |
To pick-pockets!  |
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