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Rising Price Of Oil And Nigerian Budget 2006 by loma(m): 5:40am On Apr 19, 2006 |
With the rising price of oil worldwide, does anyone know on what price of crude oil was the 2006 budget made in Nigeria, and what is happening to the gains? |
Re: Rising Price Of Oil And Nigerian Budget 2006 by Mariory(m): 10:08pm On Apr 23, 2006 |
The budget was made on an assumption of $30-$35 (not sure on actual figure) per barrel. |
Re: Rising Price Of Oil And Nigerian Budget 2006 by owo(m): 4:48am On Apr 24, 2006 |
Use the link below to get to the budget speech http://www.budgetoffice.gov.ng/docs/bgspeeches/bs2006.pdf BUDGET 2006 PARAMETERS: The budget is based on the following assumptions and targets: Budget/2006 Page 13 of 27 (a) a prudent oil price of $33 per barrel (b) crude oil production of 2.5 million barrels per day (including condensate) Excess funds? Kept in a special account and shared between the tiers of government Other concerns? Typically western countries make more money per barrel of crude than Nigeria (the producer) does. So don't expect any big difference(investment-wise) as a result. In any case, you should remember to budget for looting that is rampant in some government circles. Full budget breakdown? I have a softcopy. I think its online somewhere. Upon request, I can send one to you. |
Re: Rising Price Of Oil And Nigerian Budget 2006 by Patrioticbreed9(m): 8:48pm On Jun 07, 2021 |
wow am just getting to see this thread!
e don tay when naija problem start sha |
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